Maryland Center on Economic Policy Inc

Analysis

Maryland Center on Economic Policy Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover social science, 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 2023, Maryland Center on Economic Policy Inc reported income of $1.2m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $594k to $1.2m (+94%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 95% 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 Center on Economic Policy 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 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Artists in Motion Inc ($1.1m), Indianapolis Dance Company Inc GHDT ($1.2m) and Yfc Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $118k (9.9% of expenses). Other salaries and wages came to $559k. At year end it held assets of $641k against liabilities of $138k, net assets of $503k. It reported 9 employees.