Maryland State Boychoir Inc

Analysis

Maryland State Boychoir Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 1988, 38 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 August 2023, Maryland State Boychoir Inc reported income of $1.0m and spending of $1.2m, spending 113% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.0m to $1.0m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to August 2022, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maryland State Boychoir Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include The Loading Dock Inc ($1.0m), Missouri Association of Community Task Forces ($1.0m) and Community of Writers ($1.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $148k (13% of expenses). Other salaries and wages came to $243k. At year end it held assets of $2.0m against liabilities of $132k, net assets of $1.9m. It reported 24 employees.