Baltimore Corps Inc

Analysis

Baltimore Corps Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover employment, 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, Baltimore Corps Inc reported income of $8.0m and spending of $10.5m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $223k to $8.0m (+3504%), an average of +145% a year. The sharpest change came in the year to June 2020, when income rose by 2741%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Baltimore Corps Inc sits at the 95th percentile: it is larger than about 95% 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 Delancy Street California ($8.0m), Johnston County Industries Inc ($8.0m) and Southwest Michigan First Corporation ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $675k (6.4% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $6.4m against liabilities of $726k, net assets of $5.7m. It reported 46 employees.