Estuary Inc

Analysis

Estuary Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in September 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Estuary Inc reported income of $390k and spending of $226k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $390k (+320%), an average of +320% a year. The sharpest change came in the year to December 2023, when income rose by 320%. Over the whole period it spent 47% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Estuary Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MD. Charities of a similar size with the same main cause include Women Steering Business ($390k), North Flatbush Avenue District Management Association Inc ($390k) and San Antonio Fighting Back Inc ($390k).

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 $143k (63% of expenses). At year end it held assets of $257k against liabilities of $0, net assets of $257k. It reported 3 employees.