Greater Baltimore Black Chamber Commerce Foundation Inc

Analysis

Greater Baltimore Black Chamber Commerce Foundation Inc is a registered charity in United States, based in Pikesville, MD. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Greater Baltimore Black Chamber Commerce Foundation Inc reported income of $71k and spending of $112k, spending 159% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $108k to $71k (-35%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greater Baltimore Black Chamber Commerce Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within MD. Charities of a similar size with the same main cause include MHS 19 ($71k), Maryland Association of School Health Nurses Inc ($71k) and Rossview Elementary PTO ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $159k against liabilities of $0, net assets of $159k.