Mid-atlantic Gigabit Innovation Collaboratory Inc is a 501(c)(3) organization based in Westminster, Maryland, registered in 2016, with $309,847 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$310K
▼ 8.6% vs prior year
Science & Tech median: $288K
Expenses (FY2024)
$302K
Net assets
-$35K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mid-atlantic Gigabit Innovation Collaboratory Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mid-atlantic Gigabit Innovation Collaboratory Inc: 0 mo reserves · +3% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mid-atlantic Gigabit Innovation Collaboratory Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mid-atlantic Gigabit Innovation Collaboratory Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $25K (FY2016) to $310K (FY2024) across 9 reported years.
Financial snapshot
Operating margin
2.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$52K
Total liabilities
$87K
Net assets
-$35K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $309,847▼8.6% | $301,888▼14.6% | -$35,046▲18.5% | $51,929▲18.2% | 990 |
| 2023 | $339,123▼6.8% | $353,584▼21.0% | -$43,003▼50.7% | $43,917▼30.6% | 990 |
| 2022 | $363,756▼10.8% | $447,816▲28.1% | -$28,542▼151% | $63,289▼55.8% | 990 |
| 2021 | $407,674▲80.5% | $349,472▲17.0% | $55,518▲2168% | $143,339▲26.2% | 990 |
| 2020 | $225,901▲48.3% | $298,799▲54.7% | -$2,684▼104% | $113,573▼36.2% | 990 |
| 2019 | $152,284▲1.0% | $193,088▲32.5% | $70,214▼36.8% | $178,012▲60.3% | 990EZ |
| 2018 | $150,724▼8.0% | $145,765▲164% | $111,018▼7.5% | $111,018▼7.5% | 990EZ |
| 2017 | $163,876▲559% | $55,245▲308% | $119,991▲956% | $119,991▲956% | 990EZ |
| 2016 | $24,886 | $13,526 | $11,360 | $11,360 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
1 grant to Mid-atlantic Gigabit Innovation Collaboratory Inc totaling $10K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The United Way of Central Maryland Inc | Designated and or granted in support of agency programs | 2023 | $10,000 |
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Data for Mid-atlantic Gigabit Innovation Collaboratory Inc (EIN 81-1092703) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.