Baltimore International Academy Inc

Analysis

Baltimore International Academy Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 2007, 19 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Baltimore International Academy Inc reported income of $11.0m and spending of $10.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.3m to $11.0m (+52%), an average of +11% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Baltimore International Academy Inc sits at the 96th percentile: it is larger than about 96% 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 Knotts Family Agency ($11.0m), Community Action Partnership ($11.0m) and Mackinac Center ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $663k (6.6% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $5.2m against liabilities of $2.1m, net assets of $3.1m. It reported 60 employees.