Baltimore Public Markets Corporation

Analysis

Baltimore Public Markets Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 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 2022, Baltimore Public Markets Corporation reported income of $2.6m and spending of $3.5m, spending 133% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $4.7m to $2.6m (-44%), an average of -18% a year. The sharpest change came in the year to June 2022, when income dropped by 40%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Baltimore Public Markets Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Community Service Building Corporation ($2.6m), Du Page County Joint Apprenticeship & Training Committee Local Union ($2.6m) and The Center for Community Solutions ($2.6m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $186k (5.4% of expenses). Other salaries and wages came to $918k. At year end it held assets of $11.1m against liabilities of $867k, net assets of $10.3m. It reported 31 employees.