Maryland Capital Enterprises Inc

Analysis

Maryland Capital Enterprises Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Maryland Capital Enterprises Inc reported income of $4.7m and spending of $1.5m, leaving 68% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $4.7m (+341%), an average of +45% a year. The sharpest change came in the year to September 2021, when income rose by 340%. Over the whole period it spent 47% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maryland Capital Enterprises Inc sits at the 90th percentile: it is larger than about 90% 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 Crossroads Community Inc ($4.7m), Mothers Milk Bank at Austin ($4.7m) and Back on My Feet ($4.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $107k (7.2% of expenses). Other salaries and wages came to $531k. At year end it held assets of $17.7m against liabilities of $4.4m, net assets of $13.3m. It reported 14 employees.