Baltimore Beat Inc

Analysis

Baltimore Beat Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Beat Inc reported income of $684k and spending of $600k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $400k to $684k (+71%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Baltimore Beat Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Dynamicland Foundation ($683k), American Guild of English Handbell Ringers Inc ($684k) and Theater Labrador Inc ($683k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $95k (16% of expenses). Other salaries and wages came to $67k. At year end it held assets of $474k against liabilities of $1,984, net assets of $472k. It reported 2 employees.