First Maryland Disability Trust Inc

Analysis

First Maryland Disability Trust Inc is a registered charity in United States, based in Lutherville, MD. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, First Maryland Disability Trust Inc reported income of $3.0m and spending of $1.8m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.0m (+50%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Maryland Disability Trust Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Street Roots ($3.0m), Reality House West ($3.0m) and Community Services Center ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $155k (8.4% of expenses). Other salaries and wages came to $886k. At year end it held assets of $8.1m against liabilities of $2.2m, net assets of $5.9m. It reported 14 employees.