Maryland World Class Consortia Ltd

Analysis

Maryland World Class Consortia Ltd is a registered charity in United States, based in Joppa, MD. It received its IRS tax-exemption ruling in April 2003, 23 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 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 December 2023, Maryland World Class Consortia Ltd reported income of $866k and spending of $668k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $545k to $866k (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Maryland World Class Consortia Ltd sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Japantown Community Benefit District Inc ($866k), International Council on Hotel Restaurant and Institutional Educa ($866k) and Grand Junction Economic Partnership Inc ($865k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $748k against liabilities of $335k, net assets of $413k.