Baltimore Corps INC EIN 36-4913965 Form 990 (PDF) Claim this org

Baltimore Corps INC

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Connects local talent with jobs, entrepreneurs with funding, and businesses with solutions to city problems. For fiscal year 2024 it reported $7.8M in revenue, $9.5M in expenses, and $1.4M in net assets.Pt I

Founded
2018
Type
Public charity (501(c)(3)) · Employment
Location
Baltimore, MD
Website
www.baltimorecorps.org
Filings
5 on file (2020–2024)
Revenue
$7.8MFY2024
Expenses
$9.5M
Net assets
$1.4M
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-4913965 Public charity (501(c)(3)) Baltimore, MD Founded 2018
Form 990 (PDF)
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Figures match the IRS filing checked 8/18/26 · see original: IRS
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Size
$1–10M
What they do
Connects local talent with jobs, entrepreneurs with funding, and businesses with solutions to city problems.
Leadership
Caryn York · President & CEO · $195K
Money in and out
$7.8M revenue, $9.5M expenses
Bottom line
82% program efficiency
Where the money goes · FY2024
Total revenue
$7.8M
Pt VIII · Ln 12
Total expenses
$9.5M
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.7M
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.14 Fundraising $0.04
Program efficiency
82%
of spending reaches programs▲ +11% vs prior filing year
Operating runway
1.3mo
months of highly liquid reserves at operating expense rate▼ -70% vs prior filing year
Surplus margin
-22%
revenue over expenses, this year▲ +60% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$7.8M
FY2024▲ +18%
Expenses
$9.5M
FY2024▼ -7%
Total assets
$5.4M
FY2024-0.2%
Total liabilities
$4.0M
FY2024▲ +29%
Total revenue
$7.8M
Pt VIII · Ln 12
Total expenses
$9.5M
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.7M
Total assetsPt X · Ln 16$5.4M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBaltimore Corps INC
EINHdr · item D36-4913965
Principal addressHdr · item CBaltimore, MD
WebsiteHdr · item Jwww.baltimorecorps.org
Year of formationHdr · item L2018
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J22)
Ruling yearIRS BMFJun 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$195,481Pt VII · Sec A
Chief Operations Officer
$185,192Pt VII · Sec A
Chief Program Officer
$154,327Pt VII · Sec A
Chief Financial Officer
$111,058Pt VII · Sec A
Chief Development Officer
$101,385Pt VII · Sec A
Chief Communication Officer
$35,721Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Caryn York’s $195K as President & CEO is at the 83rd percentile of top reported officer pay among 1236 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Caryn York$195,481$53,834
Monique Boyd$185,192$2,769
Karon McFarlane$172,655$156,903$140,937$136,958$52,264
Andrew Parker$156,610$142,834$172,290$57,396
Fagan Harris$154,043$168,722$63,158
Tamara Arnold$154,327$152,264
Sarah Flammang$113,816$130,020$118,787$118,639$47,987
Edisha Brandy$129,385

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Baltimore Corps INC executive salaries →

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Mission & Programs · Part III

Where the work happens

2 program services account for $7.7M of program spending, described in the organization's own filed words · FY2024.
01

Fellowship Program

Place talented candidates in one-year work positions with nonprofits and local government.

$5.9Mprogram expense
02

Contract Placements

Baltimore corps recruits and identifies talent to fill necessary roles in various city agencies. As a part of the hiring structure, baltimore corps leads the onboarding of the new hire to our hiring partner. The hiring partner was formerly fusion partnerships and is now a baltimore corps subsidiary, equity talent solutions, LLC

$1.9Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$4.8M · 61%
Program service revenue$3.0M · 38%
Contributions & grants61%$4.8M
Program service revenue38%$3.0M
Investment income$8K
Other revenue$5K
Total revenueLn 12$7.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.14 Fundraising $0.04
Program services82%$7.7M
Management & general14%$1.4M
Fundraising4%$366K
Total functional expensesLn 25$9.5M

Balance Sheet

Part X · end of year
CashLn 1$303K
Total assetsLn 16$5.4M
Total liabilitiesLn 26$4.0M
Total net assetsLn 32$1.4M
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.0M · Operating expenses/yr $9.5M
1.3 months
Where the money goes
Program services
Program services $7.7M · Total expenses $9.5M
82%
Management & General
Management & general $1.4M · Total expenses $9.5M
14%
Fundraising
Fundraising $366K · Total expenses $9.5M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $389K · Solicited contributions (3-yr avg) $4.5M
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.8M · Total revenue $7.8M
61%
Government reliance
Government grants — · Total revenue $7.8M
Earned-income share
Program service revenue $3.0M · Total revenue $7.8M
38%
Investment reliance
Investment income $8K · Total revenue $7.8M
+0.1%
Program self-sufficiency
Program service revenue $3.0M · Total expenses $9.5M
32%
Growth & trend
Revenue growth (YoY)
This year $7.8M · Prior year $6.6M
+18%
Revenue CAGR
FY2019 $6.3M · FY2024 $7.8M
+4%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $7.8M · Expenses $9.5M
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $5.4M
Net-asset ratio
Net assets $1.4M · Total assets $5.4M
26%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $707K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.4M
13%
People & payroll
Highest Reported Total Compensation
Individual Caryn York · Reported title PRESIDENT & CEO · Highest reported compensation $195K · Total expenses $9.5M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7.3M · Total expenses $9.5M
77%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 14%
Fundraising cost ratio 8%
Revenue growth 18%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$100K
Grants paid · 54 grants · $1.7M · 2019–2024
Birmingham CorpsAL · FY2024$224,157
The BeorgMD · FY2024$20,000
Players Philanthropy FundMD · FY2024$10,000
Birmingham CorpsAL · FY2022$258,442
Fusion Partnerships INCMD · FY2022$118,000
Public Rights ProjectCA · FY2022$50,080
Men and Families Center INCMD · FY2022$11,000
Elle MentoringFY2022$10,000
Bmore Empowered INCMD · FY2022$5,300
Fusion Partnerships INCMD · FY2021$195,000
Chesapeake Charities INCMD · FY2021$63,500
Men and Families Center INCMD · FY2021$56,000
See all 54 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$6.6M revenue · ⤓ 990 PDF
FY2023$8.0M revenue · ⤓ 990 PDF
FY2022$10.5M revenue · ⤓ 990 PDF
FY2021$8.0M revenue · ⤓ 990 PDF
FY2020$6.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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