Maryland-Israel Development Center Inc

Analysis

Maryland-Israel Development Center Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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-Israel Development Center Inc reported income of $542k and spending of $448k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $826k to $542k (-34%), an average of -10% a year. The sharpest change came in the year to June 2020, when income dropped by 24%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Maryland-Israel Development Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Neighborhood Land Power Project ($541k), Cora Community Outreach ($542k) and CHV Tenants Association Inc ($540k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $223k (50% of expenses). Other salaries and wages came to $25k. At year end it held assets of $1.4m against liabilities of $102k, net assets of $1.3m. It reported 2 employees.