Charles Street Development Corporation

Analysis

Charles Street Development Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 2001, 25 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, Charles Street Development Corporation reported income of $130k and spending of $157k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $143k to $130k (-9.1%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charles Street Development Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include Tampa Bay Partnership Regional Research & Educational Foundation ($130k), Hope Community Development Center ($130k) and Redlands Police Community Foundation ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $116k. At year end it held assets of $12k against liabilities of $0, net assets of $12k. It reported 2 employees.