Pride of Baltimore Inc

Analysis

Pride of Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1981, 45 years ago. 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, Pride of Baltimore Inc reported income of $1.6m and spending of $1.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.6m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pride of Baltimore Inc sits at the 82nd percentile: it is larger than about 82% 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 Three Rivers Ems ($1.6m), Veterans Legal Services Inc ($1.6m) and Inprint Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $142k (9.1% of expenses). Other salaries and wages came to $641k. At year end it held assets of $1.9m against liabilities of $596k, net assets of $1.3m. It reported 39 employees.