Baltimore Research & Education Foundation Inc

Analysis

Baltimore Research & Education Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Baltimore Research & Education Foundation Inc reported income of $7.0m and spending of $4.7m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $7.0m (+127%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baltimore Research & Education Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Lecom Health Risk Retention Group ($7.0m), Southwest Georgia Healthcare Clinics Inc ($7.0m) and LMH Health Foundation ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $186k (4.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $28.4m against liabilities of $18.1m, net assets of $10.3m. It reported 33 employees.