The Producers Club of Maryland Inc

Analysis

The Producers Club of Maryland Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Producers Club of Maryland Inc reported income of $570k and spending of $1.2m, spending 219% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $570k (-83%), an average of -36% a year. The sharpest change came in the year to December 2022, when income rose by 318%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Producers Club of Maryland Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Community House Foundation ($570k), National Association for Proficiency Testing ($570k) and Wilkinsburg CDC Holding Co ($570k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 121% of the total. Other salaries and wages came to $393k. At year end it held assets of $18.5m against liabilities of $2.5m, net assets of $16.0m. It reported 11 employees.