Baltimore Jewelry Center Inc

Analysis

Baltimore Jewelry Center Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Baltimore Jewelry Center Inc reported income of $601k and spending of $620k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $408k to $601k (+47%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Baltimore Jewelry Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Hra Village Incorporated ($601k), Crisis Intervention & Advocacy Center ($601k) and Chester Eastside Inc ($601k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $256k (41% of expenses). At year end it held assets of $470k against liabilities of $12k, net assets of $458k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.