Greater Cumberland Committee Inc

Analysis

Greater Cumberland Committee Inc is a registered charity in United States, based in Frostburg, MD. It received its IRS tax-exemption ruling in August 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater Cumberland Committee Inc reported income of $351k and spending of $327k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $355k to $351k (-1.3%), an average of -0.6% a year. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Cumberland Committee Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Neighborhood Preservation Coalition of New York State Inc ($351k), Eastside Jewish Commons ($351k) and Public-Private Development Corporation PPDC ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $119k. At year end it held assets of $251k against liabilities of $4,512, net assets of $247k. It reported 2 employees.