Downtown Baltimore Child Care Inc

Analysis

Downtown Baltimore Child Care Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Downtown Baltimore Child Care Inc reported income of $2.0m and spending of $1.8m, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.6m to $2.0m (+23%), an average of +5.3% a year. The sharpest change came in the year to August 2021, when income rose by 52%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Downtown Baltimore Child Care Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include The Prosperity Foundation Inc ($2.0m), Seneca County Commission on Aging Inc ($2.0m) and Rethinkx Inc ($2.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $116k (6.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of $439k, net assets of $1.1m. It reported 156 employees.