Maryland Shall Issue Inc
Maryland Shall Issue Inc shows consistent revenue growth and zero officer compensation, indicating strong financial health and efficient operations.
EIN: 204313402 · Parkville, MD · Updated: 2026-03-28
Is Maryland Shall Issue Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maryland Shall Issue Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maryland Shall Issue Inc
Maryland Shall Issue Inc (EIN: 204313402) is a nonprofit organization based in Parkville, MD. The organization reported total revenue of $129K and total assets of $684K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maryland Shall Issue Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maryland Shall Issue Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Maryland Shall Issue Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, which is exceptional for an organization of its size and indicates a strong commitment to volunteer leadership and directing all funds to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Maryland Shall Issue Inc:
- Consistent and strong revenue growth from $121,968 in 2021 to $280,625 in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency and volunteer leadership.
- Significant asset growth from $291,548 to $622,957, demonstrating strong financial management.
- Low expense ratio relative to revenue, suggesting efficient operations.
- Minimal liabilities, indicating a healthy balance sheet.
Frequently Asked Questions about Maryland Shall Issue Inc
Is Maryland Shall Issue Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maryland Shall Issue Inc (EIN: 204313402) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Maryland Shall Issue Inc spend its money?
Maryland Shall Issue Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maryland Shall Issue Inc tax-deductible?
Maryland Shall Issue Inc is registered as a tax-exempt nonprofit (EIN: 204313402). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Maryland Shall Issue Inc a good charity?
Based on its financial data, Maryland Shall Issue Inc appears to be a very good charity. It exhibits strong financial growth, very low administrative costs, and zero officer compensation, indicating efficient use of donor funds and a high degree of transparency.
How has Maryland Shall Issue Inc's revenue changed over time?
Maryland Shall Issue Inc has experienced significant revenue growth, increasing from $121,968 in 2021 to $280,625 in 2023, demonstrating growing support.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that its leadership is unpaid and all funds are directed towards its programs and operations.
Filing History
IRS 990 filing history for Maryland Shall Issue Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Maryland Shall Issue Inc's revenue has grown by 130.1%, moving from $122K to $281K. Total assets increased by 113.7% over the same period, from $292K to $623K. Total functional expenses rose by 60.6%, from $47K to $75K. In its most recent filing year (2023), Maryland Shall Issue Inc reported a surplus of $206K, with revenue exceeding expenses. The organization holds $4K in liabilities against $623K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $619K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $281K | $75K | $623K | $4K | — | View 990 |
| 2022 | $182K | $59K | $415K | $2K | — | View 990 |
| 2021 | $122K | $47K | $292K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $281K, expenses of $75K, and assets of $623K (revenue +54.1% year-over-year).
- 2022: Revenue of $182K, expenses of $59K, and assets of $415K (revenue +49.3% year-over-year).
- 2021: Revenue of $122K, expenses of $47K, and assets of $292K.
Data Sources and Methodology
This transparency report for Maryland Shall Issue Inc 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.