Carroll Baldwin Memorial Institute Inc

Analysis

Carroll Baldwin Memorial Institute Inc is a registered charity in United States, based in Savage, MD. It received its IRS tax-exemption ruling in March 2001, 25 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, Carroll Baldwin Memorial Institute Inc reported income of $111k and spending of $98k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $76k to $111k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 288%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carroll Baldwin Memorial Institute Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MD. Charities of a similar size with the same main cause include Colorado Fine Arts Association ($111k), Company Players ($111k) and Society for the Improvement of Psychological Science ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Other salaries and wages came to $32k. At year end it held assets of $141k against liabilities of $16k, net assets of $124k. It reported 7 employees.