Maryland · Nonprofit
ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION
ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION (Maryland) receives grants from 2 organizations whose IRS filings report $36,500 to it, the largest being TD CHARITABLE FOUNDATION ($25,000). 0 of them have funded it in more than one year.
- Revenue FY2025
- $6.1M
- Funders on record
- 2
- Grants received
- $37k
- Net assets
- $1.4M
What Anne Arundel Economic Development Corporation does
Mission
To serve business needs and to increase anne arundel county economic base through job growth and investment.
As stated on its FY2025 Form 990.
Programs
On its FY2024 return the organization reported starting a significant new program.
Program overview launched on february 18, 2025, the key bridge small business direct grant program provided direct cash assistance for small businesses severely impacted by the francis scott key bridge collapse in march of 2024. The one-time program was funded through the maryland tough baltimore strong key bridge fund at the baltimore community foundation. The overarching goal of this initiative is to address the: loss of revenue and/or the increase of costs related to the bridge collapse for small businesses in the footprint of the key bridge, need for businesses to adjust their operations model, opportunity to invest in the small businesses in the communities most impacted by this tragedy.
Its own explanation, from Schedule O of that return (Part III, line 2).
Anne Arundel Economic Development Corporation serves as a manager of maryland small minority and women-owned business loan fund, which receives 1.5% of video lottery terminal revenue from maryland casinos. Small and minority, women and veteran owned businesses located within 10 miles of any of maryland's three casinos and those located elsewhere in the state may be eligible for loans of between $25,000 to $500,000 for purposes such as business and commercial real estate acquisition and expansion, leasehold improvements, equipment and vehicle purchase, and working capital.
$3,045,251 spentof which $2,000,673 as grants66% of program spendingFinancial services:provides loans to businesses located in or relocating to, anne arundel county, maryland. The program is for the purpose of encouraging business development within the county. An additional program for commercial property owners in designated revitalization areas in the county may qualify for loan to cover renovations and upgrades to building exteriors and site improvements. Areas include anne arundel county's 11 commercial revitalization districts and the county's one state-designated enterprise zone.
$1,153,504 spent$437,924 earned by the program25% of program spendingAgricultural marketing:creates economic development strategies to support anne arundel county's farm-based businesses by promoting and encouraging the development of agriculture. Providing operating support to farms by the leasing of agricultural equipment, facilitating a scrap tire program, promote farmers market programs and assist farms and commercial waterman expand their operations using the agricultural business improvement grant program (abig) to fund approved projects.
$415,261 spent$29,829 earned by the program9% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $4,614,016.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $16M to $9.3M (−41%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 69% · 2018 74% · 2019 54% · 2020 74% · 2021 97% · 2022 82% · 2023 86% · 2024 88% · 2025 49%. Grants only. Government contracts and fees sit inside program revenue.
87% of ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Amy Gowan
President/CEO
Board chair
Eric Devito
Chair
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2017 and FY2018, and between the FY2018 and FY2019, and between the FY2022 and FY2023 filings.
Who funds it, year by year
2019 → 2021: the base held at 1 funder, grant income rose $12k → $25k.
From the IRS filings of ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION leans on a few funders — its largest provides 68% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
32% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2019 100% · 2021 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION draws 68% of its grant income from funders outside Maryland, across 2 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION is better cushioned than half of the 2,127 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,127 community improvement nonprofits $1M–$10M, FY2025
Organizations like ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Maryland
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
77% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION?
- ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION (Maryland) receives grants from 2 organizations whose IRS filings report $36,500 to it, the largest being TD CHARITABLE FOUNDATION ($25,000). 0 of them have funded it in more than one year.
- How many funders does ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION have?
- IRS filings report 2 organizations giving $36,500 in grants to ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION.
- Who is the largest funder of ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION?
- TD CHARITABLE FOUNDATION is the largest funder on record, with $25,000 in grants. The full list of funders is on this page.
- How can an organization like ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing