MARYLAND FAMILY NETWORK INC
Mission Statement
Maryland Family Network (MFN) is an advocate and catalyst for the development of a strong system of quality child care, early education, and family support. Maryland Family Network (MFN) is a private, non-profit organization with a strong history of action in matters affecting the state’s children, families, and child care community. MFN was created in 2009 from the merger of two leading non-profit organizations: Maryland Committee for Children and Friends of the Family. Maryland Committee for Children was founded in 1945 as a private, non-profit organization to advocate for the development of a strong system of quality child care, early education, and family support on the local, state, and national levels. Originally known as the Maryland Committee for the Group Day Care of Children, it presented an organized voice in support of continued federal funding for child care programs and to promote better child care services throughout Maryland.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
90.4% | 87.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.4% | 11.3% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.2% | 0.2% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
554.2% | 427.2% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.3 mo | 6.3 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
55.7% | 34.8% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.3% | 93.0% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
22.7% | 6.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
13.0% | 8.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
6.7% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $33.8M | $31.6M | $6.1M | 90.4% | 63 |
| 2022 | $27.6M | $27.9M | $3.8M | 94.6% | 69 |
| 2021 | $25.4M | $25.4M | N/A | — | 64 |
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