Maryland Coastal Bays Foundation Inc

Analysis

Maryland Coastal Bays Foundation Inc is a registered charity in United States, based in Berlin, MD. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Coastal Bays Foundation Inc reported income of $2.9m and spending of $2.9m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $2.9m (+70%), an average of +14% a year. The sharpest change came in the year to September 2023, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Maryland Coastal Bays Foundation 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 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Hilton Head Island Deep Well Project ($2.9m), Martis Fund ($2.9m) and Connecticut River Watershed Council Inc ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (3.3% of expenses). Other salaries and wages came to $578k. At year end it held assets of $1.1m against liabilities of $155k, net assets of $970k. It reported 15 employees.