Overview
What is Cash Campaign Of Maryland Inc?
Cash Campaign of Maryland Inc is a nonprofit organization situated in Baltimore, Maryland, specifically at 575 S Charles St STE 500. Their primary mission is to support economic advancement for low-to-moderate income individuals and families across Maryland. They achieve this goal by operating direct service programs, building organizational and field capacity, and leading policy and advocacy initiatives to enhance family economic stability. Their programs include offering free tax preparation, financial education, financial coaching, screening for public benefits, and connecting individuals to appropriate resources. In 2022, their efforts resulted in increased credit scores, decreased debt, and financial assistance worth $230,437 for numerous households. Over 11,000 individuals received financial education, and 13,360 taxes were prepared, saving residents a total of $4 million. The organization's success is largely due to the dedication of over 367 volunteers who volunteered a combined total of 16,569 hours at 35 sites.
Official website here: www.cashmd.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Cash Campaign of Maryland Inc demonstrates strong performance in accountability and finance, achieving a high score of 96% in this area. The organization boasts a fully independent board and has received full points for its audit and oversight practices, indicating a robust governance structure. Additionally, the charity is transparent with its financial statements and maintains policies that promote ethical management, such as conflict of interest and whistleblower protections.
The organization also excels in leadership and adaptability, scoring a perfect 100%. This reflects its effective strategic planning and strong leadership capabilities, suggesting that it is well-equipped to navigate challenges and adapt to changing environments. The high program expense ratio of 86.70% further underscores the charity's commitment to directing resources toward its mission rather than administrative costs.
Overall, Cash Campaign of Maryland Inc has established itself as a reliable and well-managed nonprofit. The absence of any material financial diversions and its comprehensive compliance with governance practices position it positively within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Cash Campaign Of Maryland Inc?
96% of reviewers on Facebook recommend Cash Campaign of Maryland Inc, based on 12 reviews. Here is a summary of their insights:
Many individuals express a strong appreciation for the organization's effective services, particularly highlighting their tax preparation support as only one aspect of their broader mission. One review noted a positive experience during an engagement with their representative, emphasizing the dedication and professionalism exhibited by their team.
Overall, the sentiment leans heavily towards approval, with many users recognizing the organization's impactful contributions to the community and their comprehensive approach to assisting individuals and families. There is a clear indication that Cash Campaign of Maryland Inc fulfills its commitments and is well-regarded among those they have served.
This AI summary has been generated from reviews found on Facebook.
Is Cash Campaign Of Maryland Inc legitimate?
Cash Campaign Of Maryland Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cash Campaign Of Maryland Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $209,995
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,152,214
For more financial information, click here
Official website here: www.cashmd.org
What is the mission statement of Cash Campaign Of Maryland Inc?
The Cash Campaign of Maryland promotes economic advancement for low-to-moderate income individuals and families. They achieve this mission by operating a portfolio of direct service programs, enhancing organizational and field capacity, and leading policy and advocacy initiatives. These initiatives are designed to strengthen family economic stability, thereby contributing to overall societal progress. The organization's activities aim to uplift vulnerable communities, providing them with the resources and support necessary to improve their livelihoods.
Official website here: www.cashmd.org
Who is the CEO of Cash Campaign Of Maryland Inc?
Robin Mckinney is the Director of Cash Campaign Of Maryland Inc. The CEO's salary of Cash Campaign Of Maryland Inc is $107,665 and their total compensation is $117,267.
Official website here: www.cashmd.org
What is the revenue of Cash Campaign Of Maryland Inc?
Cash Campaign Of Maryland Inc's revenue in 2022 was $3,068,101.
Official website here: www.cashmd.org
Who are the executives of Cash Campaign Of Maryland Inc and what are their salaries?
The average compensation at Cash Campaign Of Maryland Inc during 2022 was $21,285. There are 64 employees and 376 volunteers at Cash Campaign Of Maryland Inc.
Here are 11 key members and their salaries (Cash Campaign Of Maryland Inc's CEO's salary is $107,665 and their total compensation is $117,267):
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- Compensation: $107,665
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- Other: $9,602
- Compensation: $102,452
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- Other: $25,563
Official website here: www.cashmd.org
Where can I find the form 990 for Cash Campaign Of Maryland Inc?
Cash Campaign Of Maryland Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cashmd.org
Learn more at the official website: www.cashmd.org
Mission Statement of Cash Campaign Of Maryland Inc
Cash Campaign of Maryland Inc is dedicated to promoting economic advancement for low-to-moderate income individuals and families across Maryland. The organization achieves this mission by operating a portfolio of direct service programs, building organizational and field capacity, and leading policy and advocacy initiatives. Their goal is to strengthen family economic stability, contributing positively to the overall well-being of the community. By offering a variety of programs and initiatives, Cash Campaign of Maryland Inc aims to empower those in need and provide them with the tools and resources necessary to improve their financial situation.
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Impact
July, 2024
Cash Campaign Of Maryland Inc's impact can be seen in the significant progress made in promoting economic advancement for low-to-moderate income individuals and families in Baltimore and across Maryland. Through its financial capability services, including free tax preparation, financial education, financial coaching, and screening for public benefits, Cash has made a tangible difference in the lives of many. In 2022 alone, Cash served 104 people, with 370 coaching sessions leading to credit score improvements by an average of 38 points and a decrease in debt by $2,400.
Furthermore, over 11,000 individuals benefited from financial education programs, and 4,239 people were reached through outreach events. By screening 270 households for benefits and assisting with enrollment, Cash secured $230,437 in assistance for those in need. Additionally, 358 households received financial navigation support and were connected to 1,229 referrals for further assistance.
Moreover, by preparing 13,360 tax returns and saving residents a total of $4 million, Cash Campaign Of Maryland Inc was able to return $28.5 million to residents. None of this would have been possible without the dedication of 367 volunteers who contributed 16,569 hours of service at 35 sites.
Overall, Cash's impact is truly significant in contributing to the economic stability and well-being of individuals and families in the community.
This information is meant to be a general summary of Cash Campaign Of Maryland Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $344
- Program Service Revenue: $155,907
- Gross Receipts: $3,068,101
Assets and Liabilities:
- Total Assets: $2,021,613
- Total Liabilities: $173,643
- Net Assets: $1,847,970
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAMS
Revenue
$91,190
TRAINING CLASSES
Revenue
$34,092
REGISTRATION INCOME
Revenue
$30,625
Organization Details
Founding Year
2017
Phone
(410) 528-8006Principal Officer
Robin Mckinney
Main Address
575 S CHARLES ST STE 500, BALTIMORE, MD, 21201
Website
www.cashmd.orgNTEE Category
Code: P51 - Human services
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