Restaurant Association of Maryland Education Foundation Inc

Analysis

Restaurant Association of Maryland Education Foundation Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in November 1994, 32 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 June 2024, Restaurant Association of Maryland Education Foundation Inc reported income of $730k and spending of $647k, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $434k to $730k (+68%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Restaurant Association of Maryland Education Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Arapahoe Educational Trust ($730k), Canadian Valley Christian Academy Inc ($730k) and Top Honors Incorporated ($730k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 30% of the total. Other salaries and wages came to $189k. At year end it held assets of $902k against liabilities of $88k, net assets of $815k. It reported 3 employees.