Baltimore Symphony Endowment Trust

Analysis

Baltimore Symphony Endowment Trust is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2022, Baltimore Symphony Endowment Trust reported income of $5.9m and spending of $5.0m, spending 86% of its income. Across the 4 years on record, from August 2019 to August 2022, income fell from $6.0m to $5.9m (-2.0%), an average of -0.7% a year. The sharpest change came in the year to August 2021, when income rose by 947%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Baltimore Symphony Endowment Trust sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Prescott Valley Charter Schools ($5.9m), Polaris Charter Academy ($5.9m) and Buckeye Online School for Success ($5.9m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 29% of the total. Other salaries and wages came to $316k. At year end it held assets of $88.8m against liabilities of $3.9m, net assets of $84.9m.