Baltimore Community Lending Inc

Analysis

Baltimore Community Lending Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Baltimore Community Lending Inc reported income of $4.9m and spending of $4.0m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.3m to $4.9m (+107%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Baltimore Community Lending Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Big Bend Jobs & Education Council Inc ($4.9m), Solutions That Empower People Inc ($4.9m) and North Star Community Services Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $37.3m against liabilities of $20.1m, net assets of $17.2m. It reported 19 employees.