Maryland Institute
Also known as Maryland Institute College of Art
Maryland Institute reported $120.5 million in revenue and $124.6 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $87.92 went to program services, $10.49 to management and general costs and $1.59 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 81.5% of the total. Government grants made up 6.1%. The highest compensation it reported for one person was $725,353 (FORMER PRESIDENT). 80 people received more than $100,000 in reportable compensation. Revenue fell 12% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $125MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending May 31, 2025 · Form 990, Part VIII · total revenue $121MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.6% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.17 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 9.8% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 6.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 81.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $725,353 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.58% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 80 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 21.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 23 of 24 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| FORMER PRESIDENT Former, 40.0 hrs/week | $717,651 | $0 | $7,702 | $725,353 |
| PRESIDENT Director/trustee, officer, 40.0 hrs/week | $535,117 | $0 | $56,259 | $591,376 |
| VP ACADEMIC AFFAIRS AND PROVOST Key employee, 40.0 hrs/week | $401,161 | $0 | $30,861 | $432,022 |
| VP ADVANCEMENT Officer, 40.0 hrs/week | $331,657 | $0 | $48,552 | $380,209 |
| EVP FOR FINANCE AND CFO Officer, 40.0 hrs/week | $288,896 | $0 | $32,140 | $321,036 |
| VP OF HR Highest compensated employee, 40.0 hrs/week | $275,466 | $0 | $35,157 | $310,623 |
| FORMER VP OPERATIONS AND TECHNOLOGY Former, 40.0 hrs/week | $269,102 | $0 | $25,054 | $294,156 |
| CO-EXEC DIR, CENTER FOR CREATIVE IMPACT Highest compensated employee, 40.0 hrs/week | $191,018 | $0 | $29,852 | $220,870 |
80 people received more than $100,000 in reportable compensation from Maryland Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.0M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b24 · 23 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 52,017
- Volunteers Part I, line 632
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ELSMERE EDUCATION INC Professional services | $2,790,404 |
| PARKHURST DINING SERVICES Food service | $2,742,827 |
| QUALITY WATERPROOFING SERVICES INC Construction | $594,500 |
| MILLER TRANSPORTATOIN Transportation | $447,330 |
| LANDCARE Landscaping | $322,558 |
Individuals listed as contractors are left out. 31 contractors were paid more than $100,000 in all.
Private foundation grants it received
19 private foundations reported grants to Maryland Institute totaling $995K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Maryland Institute's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Maryland Institute, you can publish a response that is linked from this page.
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Of every $100 Maryland Institute spent in FY2025, $87.92 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Drew UniversityMadison, NJ · revenue $121M · programs 83.4% · FY2025
- Alvernia UniversityReading, PA · revenue $121M · programs 84.7% · FY2025
- University of Mount UnionAlliance, OH · revenue $120M · programs 90.5% · FY2025
- Luther CollegeDecorah, IA · revenue $121M · programs 88.9% · FY2025
- Trustees of the Lawrenceville SchoolLawrenceville, NJ · revenue $120M · programs 76.3% · FY2025
Questions people ask
How much of Maryland Institute's spending goes to programs?
In the fiscal year ending May 31, 2025, Maryland Institute reported that 87.9% of its $124.6 million in expenses went to program services, 10.5% to management and general and 1.6% to fundraising (Form 990, Part IX).
How much does Maryland Institute pay its top executive?
The largest total compensation Maryland Institute reported for one person in the fiscal year ending May 31, 2025 was $725,353, for the role of FORMER PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Maryland Institute get its money?
Of $120.5 million in revenue in the fiscal year ending May 31, 2025, 9.8% came from contributions and grants (including 6.1% from government grants) and 81.5% from program service revenue (Form 990, Part VIII).
Is Maryland Institute a registered charity?
The IRS lists EIN 52-0591661 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending May 31, 2025, object 202641049349301209 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202541019349301494 · read the filing
- FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202431069349301338 · read the filing
- FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202321019349301337 · read the filing
- FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202201029349300805 · read the filing
- FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202140999349301114 · read the filing
All filings for EIN 52-0591661: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.