The Central Baltimore Partnership Inc

Analysis

The Central Baltimore Partnership Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 2008, 18 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 June 2023, The Central Baltimore Partnership Inc reported income of $3.2m and spending of $2.6m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $871k to $3.2m (+271%), an average of +39% a year. The sharpest change came in the year to June 2021, when income rose by 111%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Central Baltimore Partnership Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Camden Special Services District Inc ($3.2m), Rochelle Center ($3.2m) and Greater Easton Development Partnership ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $182k (7.0% of expenses). Other salaries and wages came to $424k. At year end it held assets of $6.6m against liabilities of $3.0m, net assets of $3.6m. It reported 9 employees.