Maryland Institute Of Development
EIN: 474568046 · Laurel, MD · NTEE: X40
| Metric | Value |
|---|---|
| Total Revenue | $238K |
| Total Expenses | $204K |
| Net Assets | $139K |
Is Maryland Institute Of Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maryland Institute Of Development
Maryland Institute Of Development (EIN: 474568046) is a nonprofit organization based in Laurel, MD, classified under NTEE code X40. The organization reported total revenue of $238K and total assets of $179K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maryland Institute Of Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maryland Institute Of Development is a small nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2017–2022). Revenue has grown at a compound annual rate of 14.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $196K |
| Total Expenses | $204K |
| Surplus / Deficit | $-7,999 |
| Total Assets | $139K |
| Net Assets | $139K |
| Operating Margin | -4.1% |
| Months of Reserves | 8.2 months |
Financial Health Grade: B
In 2022, Maryland Institute Of Development reported a deficit of $8K with expenses exceeding revenue, holds 8.2 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2017–2022), Maryland Institute Of Development's revenue has grown at a compound annual growth rate (CAGR) of 14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +6.7% | +32.4% | -5.4% |
| 2021 | +16.2% | +50.7% | +24.9% |
| 2020 | +20.2% | -14.4% | +89.0% |
| 2019 | +13.4% | +8.2% | +23.5% |
| 2018 | +18.0% | +38.5% | +21.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maryland Institute Of Development has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maryland Institute Of Development with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
Frequently Asked Questions about Maryland Institute Of Development
Is Maryland Institute Of Development a legitimate charity?
Based on AI analysis of IRS 990 filings, Maryland Institute Of Development (EIN: 474568046) insufficient data. 0 red flags identified, 0 strengths noted.
How does Maryland Institute Of Development spend its money?
Detailed spending breakdown data is not yet available for Maryland Institute Of Development. Check back for updated IRS 990 analysis.
Are donations to Maryland Institute Of Development tax-deductible?
Maryland Institute Of Development is registered as a tax-exempt nonprofit (EIN: 474568046). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maryland Institute Of Development located?
Maryland Institute Of Development is headquartered in Laurel, Maryland and files with the IRS under EIN 474568046. It is classified under NTEE code X40.
How many years of IRS 990 filings does Maryland Institute Of Development have?
Maryland Institute Of Development has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $238K in total revenue.
Filing History
IRS 990 filing history for Maryland Institute Of Development showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2017–2022), Maryland Institute Of Development's revenue has grown by 99.6%, moving from $98K to $196K. Total assets increased by 233.9% over the same period, from $42K to $139K. Total functional expenses rose by 155.7%, from $80K to $204K. In its most recent filing year (2022), Maryland Institute Of Development reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $196K | $204K | $139K | $0 | — | — |
| 2021 | $183K | $154K | $147K | $0 | — | View 990 |
| 2020 | $158K | $102K | $118K | $0 | — | — |
| 2019 | $131K | $119K | $62K | $0 | — | View 990 |
| 2018 | $116K | $110K | $51K | $0 | — | View 990 |
| 2017 | $98K | $80K | $42K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $196K, expenses of $204K, and assets of $139K (revenue +6.7% year-over-year).
- 2021: Revenue of $183K, expenses of $154K, and assets of $147K (revenue +16.2% year-over-year).
- 2020: Revenue of $158K, expenses of $102K, and assets of $118K (revenue +20.2% year-over-year).
- 2019: Revenue of $131K, expenses of $119K, and assets of $62K (revenue +13.4% year-over-year).
- 2018: Revenue of $116K, expenses of $110K, and assets of $51K (revenue +18.0% year-over-year).
- 2017: Revenue of $98K, expenses of $80K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maryland Institute Of Development:
Data Sources and Methodology
This transparency report for Maryland Institute Of Development is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.