Baltimore Avenue Redevelopment Corporation

Analysis

Baltimore Avenue Redevelopment Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1996, 30 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 December 2022, Baltimore Avenue Redevelopment Corporation reported income of $162k and spending of $220k, spending 135% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $184k to $162k (-12%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income dropped by 16%. Over the whole period it spent 121% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Baltimore Avenue Redevelopment Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Greenwood Community Development Corporation ($162k), Rockwood Food ($163k) and Rotary Club of Fort Collins Charities Inc ($162k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $73k (33% of expenses). Other salaries and wages came to $25k. At year end it held assets of $1.6m against liabilities of $210k, net assets of $1.4m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.