University of Maryland Medical System Foundation Inc

Analysis

University of Maryland Medical System Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Maryland Medical System Foundation Inc reported income of $16.7m and spending of $14.2m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $21.8m to $16.7m (-24%), an average of -6.5% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Maryland Medical System Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Foundation for Jewish Day Schools of Greater Philadelphia ($16.7m), Whitby School Inc ($16.7m) and Lincoln Leadership Academy Charter School Inc ($16.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $103.0m against liabilities of $12.1m, net assets of $90.8m.