Historic East Baltimore Community Action Coalition Inc

Analysis

Historic East Baltimore Community Action Coalition Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1995, 31 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 June 2023, Historic East Baltimore Community Action Coalition Inc reported income of $2.0m and spending of $2.4m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $2.0m (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Historic East Baltimore Community Action Coalition Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Downtown Akron Partnership Inc ($2.0m), Rochester Electrical Joint Apprenticeship and Training TR ($2.0m) and Able-Services Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. At year end it held assets of $9.0m against liabilities of $2.5m, net assets of $6.6m.

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.