Baltimore Yearly Meeting of the Religious Society of Friends

Analysis

Baltimore Yearly Meeting of the Religious Society of Friends is a registered charity in United States, based in Sandy Spring, MD. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Yearly Meeting of the Religious Society of Friends reported income of $2.9m and spending of $2.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.9m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Baltimore Yearly Meeting of the Religious Society of Friends 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 89th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Speranza Foundation ($2.9m), Interfaith Alliance Foundation ($2.9m) and Harvesters International Ministries ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $128k (4.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.3m against liabilities of $144k, net assets of $5.1m. It reported 161 employees.