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§ 6-410. Financial statement

West's Annotated Code of MarylandBusiness Regulation

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 6. Charitable Organizations and Charitable Representatives (Refs & Annos)
Subtitle 4. Charitable Organizations (Refs & Annos)
MD Code, Business Regulation, § 6-410
§ 6-410. Financial statement
Currentness
(a) Within 30 days after receiving a request, a charitable organization shall mail a current financial statement at no charge to the person who requested it.
(b) The financial statement shall contain:
(1) the name, address, and telephone number of the charitable organization;
(2)(i) the amount of total revenue, the amount of total revenue received from charitable contributions, and the amount and percentage of total revenue used by the charitable organization for its management and general expenses, fund-raising expenses, and program service expenses during the preceding fiscal year; or
(ii) if the charitable organization is newly organized, the estimated percentage of charitable contributions being sought that will be used for its management and general expenses, fund-raising expenses, and program service expenses; and
(3) if the charitable organization is registered with the Secretary of State, a declaration that the charitable organization is registered, but that registration is not and does not imply endorsement of any charitable solicitation.

Credits

Added by Acts 1992, c. 4, § 2. Amended by Acts 1992, c. 125, § 1; Acts 1996, c. 371, § 1, eff. Oct. 1, 1996.
Formerly Art. 41, §§ 3-201, 3-205.
MD Code, Business Regulation, § 6-410, MD BUS REG § 6-410
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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