Soroptimist International of Upper Montgomery County Maryland

Analysis

Soroptimist International of Upper Montgomery County Maryland is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Soroptimist International of Upper Montgomery County Maryland reported income of $81k and spending of $78k, spending 96% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $55k to $81k (+48%), an average of +48% a year. The sharpest change came in the year to June 2024, when income rose by 48%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Soroptimist International of Upper Montgomery County Maryland sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within MD. Charities of a similar size with the same main cause include Colorado Environmental Health Association ($81k), Little League Baseball Inc ($81k) and New Hope Animal Rescue Inc ($81k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 17% of the total. At year end it held assets of $95k against liabilities of $68k, net assets of $27k.