University of Maryland Baltimore Washington Medical System Inc

Analysis

University of Maryland Baltimore Washington Medical System Inc is a registered charity in United States, based in Linthicum Heights, MD. It received its IRS tax-exemption ruling in February 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Maryland Baltimore Washington Medical System Inc reported income of $6.4m and spending of $4.9m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $6.4m (+27%), an average of +6.2% a year. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Maryland Baltimore Washington Medical System Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Virginia Baptist Homes Foundation Inc ($6.4m), University Enterprise Services ($6.4m) and Pwa Coalition of Dallas Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 77% of the total. Compensation of current officers, directors and key employees was $3.1m (63% of expenses). Other salaries and wages came to $858k. At year end it held assets of $11.0m against liabilities of $40.8m, net assets of -$29.8m. It reported 13 employees.