Baltimore Washington Healthcare Services Inc

Analysis

Baltimore Washington Healthcare Services Inc is a registered charity in United States, based in Linthicum Heights, MD. It received its IRS tax-exemption ruling in February 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 Healthcare Services Inc reported income of $78.6m and spending of $101.4m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $60.5m to $78.6m (+30%), an average of +6.7% a year. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Baltimore Washington Healthcare Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Self-Help Services Corp ($78.5m), United Church Insurance Association ($79.2m) and Dollywood Foundation ($78.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 87% of the total. Other salaries and wages came to $50.5m. At year end it held assets of $9.6m against liabilities of $13.5m, net assets of -$3.9m. It reported 446 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.