City Of Baltimore Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 9,152,119 | 11,168,406 | −2,016,287 | 6.0 | 31% |
| 2021 | 13,864,142 | 25,519,602 | −11,655,460 | -1.5 | 12% |
| 2022 | 7,592,660 | 9,959,023 | −2,366,363 | -5.9 | 26% |
| 2023 | 6,026,374 | 11,490,233 | −5,463,859 | -10.8 | 29% |
In its most recent public year (2023), this organization spent $5,463,859 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-10.8 months), down from 6 in 2020. Staff pay was 29% of spending. $110,050 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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