Maryland Business Roundtable for Education Inc

Analysis

Maryland Business Roundtable for Education Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Maryland Business Roundtable for Education Inc reported income of $1.6m and spending of $1.8m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.6m (-36%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maryland Business Roundtable for Education Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Silver Spring Day School Inc ($1.6m), Fsu Foundation Supporting Organization Inc ($1.6m) and Marine Conservation Biology Institute ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $456k (25% of expenses). Other salaries and wages came to $717k. At year end it held assets of $306k against liabilities of $65k, net assets of $242k. It reported 16 employees.