Reach Baltimore Inc

Analysis

Reach Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 2011, 15 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, Reach Baltimore Inc reported income of $7.9m and spending of $7.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $7.9m (+44%), an average of +9.5% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reach Baltimore Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Phillips Theological Seminary Corporation ($7.9m), Roosevelt Preparatory Academy ($7.9m) and Allen County Community College Endowment Association ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $568k against liabilities of $106k, net assets of $462k.