Kids Chance of Maryland Inc

Analysis

Kids Chance of Maryland Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kids Chance of Maryland Inc reported income of $261k and spending of $120k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $193k to $261k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kids Chance of Maryland Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 33rd percentile within DC. Charities of a similar size with the same main cause include Lake Park Friends Ltd ($261k), Becker County United Way ($261k) and Philanthropy West Virginia Inc ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $3,333 (2.8% of expenses). At year end it held assets of $861k against liabilities of $0, net assets of $861k.