Baltimore Office of Promotion and the Arts

Analysis

Baltimore Office of Promotion and the Arts is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2005, 21 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 June 2023, Baltimore Office of Promotion and the Arts reported income of $4.2m and spending of $4.7m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.1m to $4.2m (-32%), an average of -9.1% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 100% 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 Office of Promotion and the Arts 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 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include National Writing Project ($4.2m), Software Freedom Conservancy Inc ($4.2m) and Students 2 Science ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $664k (14% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.9m against liabilities of $2.9m, net assets of $1.1m. It reported 56 employees.