Gem Cutters Guild of Baltimore Inc

Analysis

Gem Cutters Guild of Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 1967, 59 years ago. 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 December 2023, Gem Cutters Guild of Baltimore Inc reported income of $75k and spending of $62k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $75k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gem Cutters Guild of Baltimore Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within MD. Charities of a similar size with the same main cause include Little League Baseball Inc ($75k), Educational Foundation of the Kansa S Society of C P As ($75k) and Pederson Trust Fund for the Benefit of Tomah Memorial Hospital and Hom ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 90% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.