Friends of Maryland State Library for Blind & Physically Handicapped

Analysis

Friends of Maryland State Library for Blind & Physically Handicapped is a registered charity in United States, based in Millersville, MD. It received its IRS tax-exemption ruling in August 1993, 33 years ago. 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 December 2023, Friends of Maryland State Library for Blind & Physically Handicapped reported income of $150k and spending of $48k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $150k (+141%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Maryland State Library for Blind & Physically Handicapped sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Alzheimers Family Services of Greater Beaufort ($150k), Piedmont Play School ($150k) and Friends of Disabled Veterans ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.