Business Volunteers Maryland Inc

Analysis

Business Volunteers Maryland Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 1993, 33 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 December 2023, Business Volunteers Maryland Inc reported income of $910k and spending of $885k, spending 97% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $795k to $910k (+14%), an average of +2.7% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Business Volunteers Maryland Inc sits at the 76th percentile: it is larger than about 76% 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 United Vision for Idaho Inc ($910k), Chatham Trades Inc ($911k) and National Civic League ($910k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $208k (24% of expenses). Other salaries and wages came to $301k. At year end it held assets of $541k against liabilities of $243k, net assets of $298k. It reported 11 employees.