Pikesville Armory Foundation Inc

Analysis

Pikesville Armory Foundation Inc is a registered charity in United States, based in Stevenson, MD. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Pikesville Armory Foundation Inc reported income of $9.1m and spending of $710k, leaving 92% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $161k to $9.1m (+5538%), an average of +651% a year. The sharpest change came in the year to December 2022, when income rose by 802%. Over the whole period it spent 9.5% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pikesville Armory 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 Access North Center for Independent Living of Northeastern Minnesota ($9.1m), Banchero Disability Partners ($9.1m) and National Congress of American Indians ($9.1m).

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 $72k (10% of expenses). Other salaries and wages came to $48k. At year end it held assets of $9.9m against liabilities of $191k, net assets of $9.7m. It reported 3 employees.