Baltimore School for the Arts FDN Inc

Analysis

Baltimore School for the Arts FDN Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 1980, 46 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Baltimore School for the Arts FDN Inc reported income of $4.2m and spending of $4.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.8m to $4.2m (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2022, when income dropped by 20%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Baltimore School for the Arts FDN Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Christopher Homes Inc ($4.2m), Waldorf School of Baltimore ($4.2m) and American Assoc on Intellectual and Developmental Disabilities ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $121k (3.0% of expenses). At year end it held assets of $24.5m against liabilities of $209k, net assets of $24.3m. It reported 172 employees.