Msda Charitable and Educational Foundaton Inc

Analysis

Msda Charitable and Educational Foundaton Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Msda Charitable and Educational Foundaton Inc reported income of $254k and spending of $391k, spending 154% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $358k to $254k (-29%), an average of -8.2% a year. The sharpest change came in the year to September 2020, when income rose by 74%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Msda Charitable and Educational Foundaton Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include Virginia Veterans Foundation ($254k), Charlotte Athletic Boosters ($254k) and Colorado National Guard Foundation Inc ($254k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $12k (3.1% of expenses). Other salaries and wages came to $112k. At year end it held assets of $2.3m against liabilities of $1.2m, net assets of $1.1m.