Southern Maryland Tri-County Community Action Committee Inc

Analysis

Southern Maryland Tri-County Community Action Committee Inc is a registered charity in United States, based in Hughesville, MD. It received its IRS tax-exemption ruling in February 1966, 60 years ago. 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, Southern Maryland Tri-County Community Action Committee Inc reported income of $8.4m and spending of $9.5m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $8.4m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Maryland Tri-County Community Action Committee Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Clara Welty Test TR Fbo Welty Home for the Aged Inc ($8.4m), Inspirica Inc ($8.4m) and Housing Resources of Western Colorado ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $603k (6.3% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $9.5m against liabilities of $3.5m, net assets of $6.0m. It reported 49 employees.