Baltimore Community Foundation Inc

Analysis

Baltimore Community Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 1972, 54 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Baltimore Community Foundation Inc reported income of $35.0m and spending of $32.5m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $36.2m to $35.0m (-3.2%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Baltimore Community Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Visionfund International ($34.7m), Associated Jewish Charities of Baltimore ($35.3m) and United Way of Greater Rochester and the Finger Lakes Inc ($34.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $767k (2.4% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $278.3m against liabilities of $15.7m, net assets of $262.6m. It reported 29 employees.