Baltimore Polytechnic Institute Foundation Inc

Analysis

Baltimore Polytechnic Institute Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Baltimore Polytechnic Institute Foundation Inc reported income of $868k and spending of $1.0m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $868k (-21%), an average of -5.8% a year. The sharpest change came in the year to June 2021, when income rose by 366%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Baltimore Polytechnic Institute Foundation Inc 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 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Dorothys Soft Touch Corp ($868k), Hanover Academy ($868k) and Lake Region Community College Foundation of Devils Lake ($868k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $116k (12% of expenses). Other salaries and wages came to $64k. At year end it held assets of $6.8m against liabilities of $248k, net assets of $6.5m. It reported 2 employees.