Maryland Association of Community Colleges Inc

Analysis

Maryland Association of Community Colleges Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in June 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Maryland Association of Community Colleges Inc reported income of $1.1m and spending of $1.1m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $972k to $1.1m (+9.4%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maryland Association of Community Colleges Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Airport Corridor Transportation Assoc ($1.1m), Larchmont Manor Park Society ($1.1m) and Lakeview Community Resources Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $410k (38% of expenses). Other salaries and wages came to $173k. At year end it held assets of $547k against liabilities of $117k, net assets of $430k. It reported 5 employees.