Partners in Care Maryland Inc

Analysis

Partners in Care Maryland Inc is a registered charity in United States, based in Pasadena, MD. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Partners in Care Maryland Inc reported income of $2.5m and spending of $2.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.5m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Partners in Care Maryland Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include United Way of the Valley & Greater Utica Area Inc ($2.5m), Florida Philanthropic Network Inc ($2.5m) and The Tiffin Community Foundation ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $204k (8.9% of expenses). Other salaries and wages came to $894k. At year end it held assets of $3.8m against liabilities of $2.4m, net assets of $1.4m. It reported 40 employees.