West Baltimore Renaissance Foundation Inc

Analysis

West Baltimore Renaissance Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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, West Baltimore Renaissance Foundation Inc reported income of $8.9m and spending of $5.8m, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.8m to $8.9m (+221%), an average of +48% a year. The sharpest change came in the year to June 2021, when income rose by 144%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Baltimore Renaissance Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Hrca Housing for Elderly Inc ($8.9m), Options Family of Services ($8.9m) and Family Bridges Inc ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $130k (2.2% of expenses). Other salaries and wages came to $99k. At year end it held assets of $36.3m against liabilities of $22.2m, net assets of $14.0m.