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: Verified by RoundPaper

FY 2023

Verified NonprofitLast Filed 2023EIN 81-4607977

Cash Campaign of Maryland Inc

BALTIMORE, MDNTEE: P51Founded 2017Website

mission statement

The cash campaign of maryland promotes economic advancement for low-to-moderate income individuals and families in baltimore and across maryland. Cash accomplishes its mission through operating a portfolio of direct service programs, building organizational and field capacity, and leading policy and advocacy initiatives to strengthen family economic stability.

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Total Revenue

$9.6M

FY 2023

Program Spending

96.5%

of total expenses

Known Funders

2019–2024 filings

Key Metrics (FY 2023)

The Numbers

$2.8M

Total Assets

$1.6M net

1.86 mo

Operating Reserves

FY 2023

+70%

Revenue Growth

YoY

Total Employees

FY 2023

Funding Track Record

Backed by 46 Institutional Funders

$11.5M raised across 154 grants · +$660K committed (2019–2024 filings)

Funder Geography

Funders across 13 states (2019–2024 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
Baltimore Community Foundation Inc	BALTIMORE, MD	$4,479,038
The Harry & Jeanette Weinberg Foundation Inc	OWINGS MILLS, MD	$1,080,000 +$275,000 committed
Annie E Casey Foundation Inc	Baltimore, MD	$923,750 +$90,000 committed
T Rowe Price Foundation Inc	BALTIMORE, MD	$861,750
The Abell Foundation Inc	BALTIMORE, MD	$567,625 +$280,000 committed
Structured Employment Economic Development Corporation	New York, NY	$473,610
The Woodside Foundation	BALTIMORE, MD	$315,700
Cash Campaign of Maryland Inc	BALTIMORE, MD	$254,390
Aaron Straus and Lillie Straus Foundation Inc	BALTIMORE, MD	$250,000
Cities for Financial Empowerment Fund Inc	NEW YORK, NY	$197,000

Total tracked: $11,514,746 across 154 grants · +$660,000 committed across 8 commitments (2019–2024 filings)

Totals reflect grants as reported on funder tax returns. Timing may not match recipient revenue: funder and recipient fiscal years often differ, and grants paid by a funder in one year may be recognized by the recipient in a different year.

Programs (FY 2023)

What They Do

$2.9M in expenses

Financial capability services include free tax preparation, financial education, financial coaching, and screening for public benefits. Free tax preparation is offered through the IRS volunteer income tax preparation assistance program.in 2024, cash gained 140 financial coaching clients. Sixty percent increased their credit scores by an average of thirty-nine points and 49% decreased consumer debt. Cash and partners offered 269 financial education classes to 8,458 individuals and 10,268 people were served through 115 outreach events. Cash screened 245 households for benefits, resulting in $280,845 benefits. Cash and partners prepared 19,057 free tax returns, returning $30 million to residents, saving them $5.4 million in tax preparation fees. This would not have been possible without the 521 volunteers who donated their time across fifty-four sites across maryland.

$771K in expenses

Practitioner training and capacity building includes volunteer and partner training, fee for customized service training, and technical assistance. In 2024, 645 practitioners were trained through thirty-three events.

$193K in expenses

Policy research and advocacy focuses on policies that help or hinder the financial security of low-to-moderate income marylanders. In 2024, cash tracked 160 bills and provide oral or written testimony on seventy-nine bills. Of these, twenty-seven bills passed.

$6.0M in expenses

The baltimore young families success fund (byfsf) is a guaranteed income pilot project launched by mayor brandon m. Scott to provide 200 young parents, between 18-24 years old, with an unconditional cash payment of $1,000 per month over the course of 24 months. The first payment went out in august 2022 and the final payment will be in july 2024.

Financial History