M Club Foundation University of Maryland Inc

Analysis

M Club Foundation University of Maryland Inc is a registered charity in United States, based in College Park, MD. It received its IRS tax-exemption ruling in June 1966, 60 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, M Club Foundation University of Maryland Inc reported income of $129k and spending of $257k, spending 200% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $162k to $129k (-20%), an average of -5.6% a year. The sharpest change came in the year to June 2023, when income dropped by 57%. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, M Club Foundation University of Maryland Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include Aspire Foundation Inc ($129k), The Spina Bifida Coalition Inc ($129k) and Military Missions Inc ($129k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $2.8m against liabilities of $28k, net assets of $2.8m.

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.