Maryland Center for Veterans Education and Training Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To provide extensive comprehensive services to eradicate homelessness among the military veteran community. MCVET participants work through recovery, work toward maintaining livable wages, and permanent housing solutions. The organization supports underserved sectors of the larger population to build community resilience.
- Income
- $4.4 million
- Spending
- $4.1 million
- Spent on programs
- 100%
- Reserves
- 4 months of spending
- Largest source of income
- government grants, 73%
- Employees
- 85
- Volunteers
- 127
- Highest pay
- $188,244, executive director
Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 75 out of 100. Higher than 62% of charities in its peer group (housing, $1m to $10m).
Reserves
20 of 35Spendable reserves would cover 4.0 months of spending.
Debt
20 of 20It owes 12% of what it owns.
Living within its means
15 of 15Income exceeded spending by 8% of income.
Income trend
5 of 15Income fell 12% on the year before.
Spending floor
15 of 15100% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 94 out of 100. Higher than 61% of charities in its peer group (housing, $1m to $10m).
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
9 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $1.9 million spent. MCVET has provided transitional and emergency housing programs since its inception, with a positive impact on more than 10,000 individuals. The housing program provides complex wraparound services, clothing, meals, transportation, and workforce training all within one facility. MCVET prides itself on the residential services and programs it houses.
- $1.8 million spent. MCVET provides community socialization through meaningful experiences, various mental health therapies, and transportation to and from all appointments throughout the year. We utilize a fleet of five vehicles to ensure clients have the ability to accomplish their goals and tasks. MCVET provides a safe haven for veterans to receive wrap around services including hair cuts, meals, housing, socialization, and mental health supportive services.
- $323,950 spent. MCVET provided winter emergency shelter to more than 3000 individuals, along with more than 10,000 meals over the course of five months in partnership with the Mayor's Office of Homeless Services.
Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on February 15, 2024 for not filing returns for three years, and reinstated on February 15, 2024.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending September 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.