University of Maryland Oncology

Analysis

University of Maryland Oncology is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, University of Maryland Oncology reported income of $5.4m and spending of $4.6m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $5.4m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University of Maryland Oncology 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 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Channel Marker Inc ($5.4m), Momentum Wheels for Humanity ($5.4m) and Healthquarters Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $125k (2.7% of expenses). Other salaries and wages came to $179k. At year end it held assets of $3.3m against liabilities of $4.5m, net assets of -$1.2m. It reported 24 employees.