Baltimore Educational Scholarship Trust Inc

Analysis

Baltimore Educational Scholarship Trust Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Baltimore Educational Scholarship Trust Inc reported income of $1.5m and spending of $1.7m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.5m (-6.7%), an average of -1.7% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Baltimore Educational Scholarship Trust Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Montessori in Motion ($1.5m), Swim with Mike Foundation ($1.5m) and Partnership of Ashe ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $371k (22% of expenses). Other salaries and wages came to $183k. At year end it held assets of $12.5m against liabilities of $414k, net assets of $12.1m. It reported 14 employees.