Friends School of Baltimore Inc

Analysis

Friends School of Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in January 1974, 52 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, Friends School of Baltimore Inc reported income of $34.1m and spending of $34.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.1m to $34.1m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends School of Baltimore Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Cardinal Stritch University Inc ($34.0m), St Lukes Foundation Inc ($34.1m) and St Annes-Belfield Inc ($34.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $478k (1.4% of expenses). Other salaries and wages came to $13.5m. It paid $42k in professional fundraising fees. At year end it held assets of $87.9m against liabilities of $6.9m, net assets of $81.0m. It reported 493 employees.