Marylandonline Inc

Analysis

Marylandonline Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Marylandonline Inc reported income of $153k and spending of $391k, spending 256% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $175k to $153k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2020, when income rose by 103%. Over the whole period it spent 216% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marylandonline Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within MD. Charities of a similar size with the same main cause include Alpha Kappa Alpha Foundation of Detroit ($153k), Sliding Doors STEM & Dyslexia Learning Center ($153k) and Entrepreneurs Organization Charleston Chapter Inc ($153k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $144k (37% of expenses). Other salaries and wages came to $39k. At year end it held assets of $770k against liabilities of $56k, net assets of $714k. It reported 4 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.