Baltimore Homecoming Inc

Analysis

Baltimore Homecoming Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2017, 9 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, Baltimore Homecoming Inc reported income of $889k and spending of $931k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $745k to $889k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Baltimore Homecoming Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Institute for Economic Development Inc ($889k), Latrobe Community Revitalizationprogram Inc ($890k) and Private Industry Council of Centre County Inc ($889k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $132k (14% of expenses). Other salaries and wages came to $116k. At year end it held assets of $152k against liabilities of $74k, net assets of $78k. It reported 3 employees.