Maryland Matters Inc

Analysis

Maryland Matters Inc is a registered charity in United States, based in Takoma Park, MD. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Maryland Matters Inc reported income of $100k and spending of $326k, spending 326% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $334k to $100k (-70%), an average of -33% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maryland Matters Inc sits at the 41st percentile: it is larger than about 41% 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 Runestone Museum Foundation ($100k), Connecticut Choral Society Inc ($100k) and Fox Valley Ballet ($100k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $111k (34% of expenses). Other salaries and wages came to $143k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 7 employees.