Maryland Black Caucus Foundation Inc

Analysis

Maryland Black Caucus Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2020, 6 years ago. 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 December 2023, Maryland Black Caucus Foundation Inc reported income of $367k and spending of $460k, spending 125% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $180k to $367k (+103%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maryland Black Caucus Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Promoting Awareness Victim Empowerment ($366k), Independent Apartments Inc ($367k) and Arroyo Crossing ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $15k (3.3% of expenses). It paid $12k in professional fundraising fees. At year end it held assets of $399k against liabilities of $18k, net assets of $381k.