University of Maryland Shore Regional Health Inc

Analysis

University of Maryland Shore Regional Health Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Maryland Shore Regional Health Inc reported income of $935k and spending of $2.2m, spending 235% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $935k (-64%), an average of -23% a year. The sharpest change came in the year to June 2023, when income dropped by 61%. Over the whole period it spent 137% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, University of Maryland Shore Regional Health Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include South Willamette Solutions ($935k), Inspiration Studios Inc ($935k) and Center for Independent Employees ($935k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $54k against liabilities of $744k, net assets of -$690k. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.