The Credit Union Foundation of MD and DC Inc

Analysis

The Credit Union Foundation of MD and DC Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in February 1992, 34 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 May 2023, The Credit Union Foundation of MD and DC Inc reported income of $144k and spending of $257k, spending 178% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $260k to $144k (-45%), an average of -18% a year. The sharpest change came in the year to May 2021, when income rose by 222%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Credit Union Foundation of MD and DC Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Recover or Sacrifice Everything Rose Counseling Center Inc ($144k), Korean Christian Press Inc ($144k) and Western Legacy Center Incorporated ($144k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $3.4m against liabilities of $5,422, net assets of $3.4m.