Charlestown Benevolent Care Foundation Inc

Analysis

Charlestown Benevolent Care Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2003, 23 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charlestown Benevolent Care Foundation Inc reported income of $725k and spending of $326k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $725k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 194%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charlestown Benevolent Care Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Circle of Love Center Inc ($725k), Mantua and Powelton Alliance ($725k) and Friendship Community Development Corp ($724k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $5.5m against liabilities of $296k, net assets of $5.2m.