Baltimore Washington Medical Center Foundation Inc

Analysis

Baltimore Washington Medical Center Foundation Inc is a registered charity in United States, based in Glen Burnie, MD. It received its IRS tax-exemption ruling in August 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Baltimore Washington Medical Center Foundation Inc reported income of $1.4m and spending of $2.7m, spending 190% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $918k to $1.4m (+54%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 187%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Baltimore Washington Medical Center Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Pinemont Incorporated ($1.4m), Rail Volution ($1.4m) and Vaughan Place Senior Living Community Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $9.8m against liabilities of $0, net assets of $9.8m.