Upper Montgomery Assistance Network Inc

Analysis

Upper Montgomery Assistance Network Inc is a registered charity in United States, based in Germantown, MD. It received its IRS tax-exemption ruling in June 1994, 32 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 2022, Upper Montgomery Assistance Network Inc reported income of $317k and spending of $270k, spending 85% of its income. Across the 3 years on record, from June 2020 to June 2022, income grew from $222k to $317k (+43%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Upper Montgomery Assistance Network Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Triumphant Together ($317k), Prader-Willi Homes of California ($317k) and Mercy Coop & Cafe a NJ Nonprofit Corporation ($317k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $43k (16% of expenses). At year end it held assets of $257k against liabilities of $5,319, net assets of $251k. It reported 1 employees.