Maryland Family Network Inc

Analysis

Maryland Family Network Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1987, 39 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 Family Network Inc reported income of $33.8m and spending of $31.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.7m to $33.8m (+72%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maryland Family Network Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Symmes Life Care Inc ($33.8m), Jewish Community Centers of Greater Boston Inc ($33.9m) and Southeast Michigan Community Alliance Inc ($33.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $239k (0.8% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $13.7m against liabilities of $7.6m, net assets of $6.1m. It reported 63 employees.