Secu MD Foundation Inc

Analysis

Secu MD Foundation Inc is a registered charity in United States, based in Linthicum, MD. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Secu MD Foundation Inc reported income of $99k and spending of $884k, spending 893% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $286k to $99k (-65%), an average of -23% a year. The sharpest change came in the year to December 2022, when income rose by 233%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Secu MD Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within MD. Charities of a similar size with the same main cause include Parent Booster USA Inc ($99k), Sunny Hills High School Football Boosters Club ($99k) and Transportation Education Foundationof Georgia ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $463k against liabilities of $428k, net assets of $35k.