Maryland Center for Veterans Education and Training Inc

Analysis

Maryland Center for Veterans Education and Training Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2024, 2 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2020, Maryland Center for Veterans Education and Training Inc reported income of $2.9m and spending of $2.6m, spending 91% of its income. Across the 2 years on record, from September 2019 to September 2020, income grew from $2.5m to $2.9m (+15%), an average of +15% a year. The sharpest change came in the year to September 2020, when income rose by 15%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maryland Center for Veterans Education and Training Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Senior Citizens Housing Development Corp of Montgomery County ($2.9m), Selfhelp Realty Group Inc ($2.9m) and St Martin de Porres Inc ($2.9m).

On its Form 990 for the period ending September 2020, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $160k (6.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.2m against liabilities of $584k, net assets of $1.7m. It reported 60 employees.