Maryland Neighborly Networks Incorporated

Analysis

Maryland Neighborly Networks Incorporated is a registered charity in United States, based in Berwyn HTS, MD. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Maryland Neighborly Networks Incorporated reported income of $5.2m and spending of $5.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $5.2m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maryland Neighborly Networks Incorporated sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Feed My People ($5.2m), United Way of the Bluegrass Inc ($5.2m) and Meals on Wheels Ministry Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $249k (5.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $3.8m against liabilities of $905k, net assets of $2.8m. It reported 79 employees.