General German Aged Peoples Home of Baltimore

Analysis

General German Aged Peoples Home of Baltimore is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in January 1938, 88 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, General German Aged Peoples Home of Baltimore reported income of $32.6m and spending of $31.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.2m to $32.6m (+16%), an average of +3.7% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, General German Aged Peoples Home of Baltimore sits at the 98th percentile: it is larger than about 98% 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 Under 21 ($32.6m), Goodlife Innovations Inc ($32.6m) and Starkey Incorporated ($32.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.2m (6.8% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $116.2m against liabilities of $123.3m, net assets of -$7.1m. It reported 401 employees.