The Loading Dock Inc

Analysis

The Loading Dock Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 1985, 41 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 June 2023, The Loading Dock Inc reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.0m (-27%), an average of -7.6% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Loading Dock Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Community of Writers ($1.0m), Maryland State Boychoir Inc ($1.0m) and League of Michigan Bicyclists ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $113k (11% of expenses). Other salaries and wages came to $330k. At year end it held assets of $2.5m against liabilities of $267k, net assets of $2.2m. It reported 16 employees.