University of Baltimore Foundation Inc

Analysis

University of Baltimore Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, University of Baltimore Foundation Inc reported income of $11.8m and spending of $6.1m, leaving 48% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $9.1m to $11.8m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Baltimore Foundation Inc 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 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Thomas Edison Charter School Inc ($11.8m), Boston Latin School Association ($11.8m) and Uncommon Lender Inc ($11.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $159k (2.6% of expenses). Other salaries and wages came to $219k. It paid $51k in professional fundraising fees. At year end it held assets of $108.1m against liabilities of $2.2m, net assets of $105.9m. It reported 4 employees.