Maryland Chamber Foundation

Analysis

Maryland Chamber Foundation is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in June 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Chamber Foundation reported income of $271k and spending of $242k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $208k to $271k (+30%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maryland Chamber Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include James Bowie High School Band Booster Association ($271k), Power of the Pen ($271k) and Springfield Area Education Foundation ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $57k. At year end it held assets of $115k against liabilities of $9,297, net assets of $106k.