Baltimore Clayworks Inc

Analysis

Baltimore Clayworks Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Clayworks Inc reported income of $1.6m and spending of $1.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $846k to $1.6m (+90%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Baltimore Clayworks Inc sits at the 90th percentile: it is larger than about 90% 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 Bffoundation ($1.6m), Eau Claire Confluence Arts Inc ($1.6m) and Dorchester Heritage Center Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $117k (8.0% of expenses). Other salaries and wages came to $421k. At year end it held assets of $3.1m against liabilities of $778k, net assets of $2.3m. It reported 14 employees.