Greater Baltimore Medical Center Land Corporation

Analysis

Greater Baltimore Medical Center Land Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Greater Baltimore Medical Center Land Corporation reported income of $2.7m and spending of $4.9m, spending 179% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $2.7m (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2020, when income rose by 143%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Greater Baltimore Medical Center Land Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include National Pancreas Foundation ($2.7m), New Futures Inc ($2.7m) and Damon House Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $47k. At year end it held assets of $19.8m against liabilities of $20.0m, net assets of -$246k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.