Steamship Trade Association Ofbaltimore Charitable Legacy Inc

Analysis

Steamship Trade Association Ofbaltimore Charitable Legacy Inc is a registered charity in United States, based in Middle River, MD. It received its IRS tax-exemption ruling in January 2007, 19 years ago. 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 December 2023, Steamship Trade Association Ofbaltimore Charitable Legacy Inc reported income of $68k and spending of $39k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $83k to $68k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steamship Trade Association Ofbaltimore Charitable Legacy Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within MD. Charities of a similar size with the same main cause include Pierce County Food Pantry Inc ($68k), Electric City Trolley Museum Association ($68k) and Village Information Center ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $133k against liabilities of $0, net assets of $133k.