Afya Baltimore Incorporated

Analysis

Afya Baltimore Incorporated is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Afya Baltimore Incorporated reported income of $11.5m and spending of $9.3m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $19.0m to $11.5m (-40%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 59%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Afya Baltimore Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include University of Utah Asia Campus ($11.5m), Teachers Treasures Inc ($11.5m) and People for People Charter School Inc ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $176k (1.9% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $16.7m against liabilities of $8.2m, net assets of $8.6m. It reported 222 employees.