Baltimore Arts Realty Corporation

Analysis

Baltimore Arts Realty Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2014, 12 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 December 2023, Baltimore Arts Realty Corporation reported income of $853k and spending of $1.6m, spending 190% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $853k (-53%), an average of -17% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Baltimore Arts Realty Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Zuni Entrepreneurial Enterprises Inc ($853k), Partnership for Economic Development of York County Inc ($853k) and Community Foundation of Will County ($853k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $129k (8.0% of expenses). Other salaries and wages came to $393k. At year end it held assets of $14.7m against liabilities of $272k, net assets of $14.5m. It reported 17 employees.