Baltimore Municipal Golf Corporation

Analysis

Baltimore Municipal Golf Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Baltimore Municipal Golf Corporation reported income of $8.1m and spending of $8.5m, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $6.6m to $8.1m (+23%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Baltimore Municipal Golf Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Every Kid Sports ($8.0m), Endowment Fund of Maccabi USA Sports for Israel Inc ($8.1m) and Nasa Tophat Inc ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $110k (1.3% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $5.5m against liabilities of $3.5m, net assets of $2.0m. It reported 379 employees.