Waterfront Partnership of Baltimore Inc

Analysis

Waterfront Partnership of Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Waterfront Partnership of Baltimore Inc reported income of $9.1m and spending of $6.6m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $9.1m (+49%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 128%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Waterfront Partnership of Baltimore Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Calvert Impact Inc ($9.1m), Tri-County Community Council Inc ($9.1m) and Mavagi Enterprises Inc ($9.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.0% of the total. Other salaries and wages came to $764k. At year end it held assets of $7.7m against liabilities of $628k, net assets of $7.1m. It reported 10 employees.