Greater Baybrook Alliance Inc

Analysis

Greater Baybrook Alliance Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2018, 8 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 2023, Greater Baybrook Alliance Inc reported income of $2.9m and spending of $2.0m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $280k to $2.9m (+921%), an average of +79% a year. The sharpest change came in the year to June 2020, when income rose by 266%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Baybrook Alliance Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Pro Inspire ($2.9m), Susquehanna Workforce Network Inc ($2.9m) and Sunshine Acres Childrens Home Charitable Foundation Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $143k (7.3% of expenses). Other salaries and wages came to $401k. At year end it held assets of $1.8m against liabilities of $343k, net assets of $1.5m. It reported 24 employees.