Mid Atlantic Equity Consortium Inc

Analysis

Mid Atlantic Equity Consortium Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Mid Atlantic Equity Consortium Inc reported income of $3.5m and spending of $3.7m, spending 105% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $2.2m to $3.5m (+63%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 70%. Over the whole period it spent 100% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Mid Atlantic Equity Consortium Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Partners with Families and Children Spokane ($3.5m), New York State Stop-Dwi Foundation Inc ($3.6m) and New Pathways for Youth Inc ($3.5m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $420k (11% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.1m against liabilities of $706k, net assets of $381k. It reported 30 employees.