MARYLAND ECONOMIC DEVELOPMENT CORPORATION is a Public Charity headquartered in BALTIMORE, MD. Financial data from the 2025 filing: $218.1M revenue, $223.3M expenses, $1.2B total assets. 4 publicly reported grants to this organization, totaling roughly $6.7M, appear in IRS filings.
MEDCO'S PRIMARY PURPOSE IS TO EXPAND PRODUCTIVE EMPLOYMENT AND THE STATE'S ECONOMY AND TAX BASE THROUGH THE DEVELOPMENT OF CERTAIN VACANT OR UNDER-UTILIZED INDUSTRIAL SITES AND FACILITIES AS WELL AS OTHER ECONOMIC RESOURCES. IN FULFILLING ITS PURPOSE, MEDCO PROVIDES FACILITIES AND FINANCING OF FACILITIES TO BUSINESSES AT FAVORABLE RATES. MEDCO ALSO PROVIDES MANAGEMENT AND CONSULTING EXPERTISE.
How Maryland Economic Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Showing up to 5 of 4 total records — full history available with membership.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $218.1M | $223.3M | $1.2B |
| 2024 | $210.5M | $219.2M | $978.8M |
| 2023 | $202.2M | $207.4M | $1.0B |
| 2022 | $218.8M | $168.0M | $663.1M |
| 2021 | $118.7M | $144.3M | $640.1M |
Between 2021 and 2025, reported annual revenue grew from $118.7M to $218.1M (+84%), with total assets most recently reported at $1.2B.
Interactive year-over-year charts and full filing details available with membership.
