Maryland Agricultural Education

Analysis

Maryland Agricultural Education is a registered charity in United States, based in Hvre de Grace, MD. It received its IRS tax-exemption ruling in June 1990, 36 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 June 2023, Maryland Agricultural Education reported income of $1.6m and spending of $1.3m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.6m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maryland Agricultural Education sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Nineline Veterans Services ($1.6m), Hospice ($1.6m) and Aitkin County Developmental Achievement Center Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $121k (8.9% of expenses). Other salaries and wages came to $528k. At year end it held assets of $5.2m against liabilities of $84k, net assets of $5.1m. It reported 25 employees.