Charles County Charitable Trust Inc

Analysis

Charles County Charitable Trust Inc is a registered charity in United States, based in Bel Alton, MD. It received its IRS tax-exemption ruling in April 2017, 9 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 (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 2024, Charles County Charitable Trust Inc reported income of $1.8m and spending of $1.8m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.0m to $1.8m (+82%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charles County Charitable Trust Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include B U I L D Inc ($1.8m), Regency Broadway Properties Inc ($1.8m) and Wireless Neighborhoods ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (4.5% of expenses). Other salaries and wages came to $75k. At year end it held assets of $228k against liabilities of $14k, net assets of $215k. It reported 3 employees.