Baltimore Civic Fund Inc

Analysis

Baltimore Civic Fund Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Civic Fund Inc reported income of $19.7m and spending of $20.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $19.7m (+282%), an average of +40% a year. The sharpest change came in the year to June 2021, when income rose by 231%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Baltimore Civic Fund Inc 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 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Citrus Reserach and Field Trial Foundation Inc ($19.7m), United Way of the Bay Area ($19.7m) and Kirkpatrick Family Affiliated Fund Ok City Community Foundation Inc ($19.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $408k (2.0% of expenses). Other salaries and wages came to $608k. At year end it held assets of $19.3m against liabilities of $10.3m, net assets of $9.0m. It reported 19 employees.