St Marys County Community Development Corporation

Analysis

St Marys County Community Development Corporation is a registered charity in United States, based in Lexington PK, MD. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, St Marys County Community Development Corporation reported income of $95k and spending of $128k, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $183k to $95k (-48%), an average of -15% a year. The sharpest change came in the year to June 2021, when income rose by 445%. Over the whole period it spent 151% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, St Marys County Community Development Corporation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include Valparaiso Area Apprenticeship Advisory Council Inc ($95k), Gaston Together Communites of Excellence ($95k) and Bodega Bay Fishermans Festival ($95k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $53k (41% of expenses). Other salaries and wages came to $16k. At year end it held assets of $424k against liabilities of $9,190, net assets of $415k. It reported 3 employees.