South Baltimore Learning Corp Inc

Analysis

South Baltimore Learning Corp Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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, South Baltimore Learning Corp Inc reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.7m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2023, when income rose by 69%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Baltimore Learning Corp Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Hawaii Investment Ready ($1.7m), Augustine Literacy Project-Charlotte ($1.7m) and Rise Resource Center Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $169k (10% of expenses). Other salaries and wages came to $795k. At year end it held assets of $3.0m against liabilities of $75k, net assets of $2.9m. It reported 36 employees.

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.