Maryland · Nonprofit
BALTIMORE DEVELOPMENT CORPORATION
BALTIMORE DEVELOPMENT CORPORATION (Maryland) receives grants from 8 organizations whose IRS filings report $867,080 to it, the largest being THE ROCKEFELLER FOUNDATION ($500,000). 5 of them have funded it in more than one year.
- Revenue FY2025
- $11M
- Funders on record
- 8
- Grants received
- $867k
- Net assets
- $-16616320
What Baltimore Development Corporation does
Mission
The Baltimore Development Corporation (bdc) is a non-profit organization that serves as the economic development agency for the city of baltimore. Bdc's mission is to grow the city's economy in an inclusive, equitable manner by retaining, expanding, and attracting businesses, and by promoting strategic investment that increases career and wealth-building opportunities for residents.
As stated on its FY2025 Form 990.
Programs
Made in baltimore: a retail program for locally made products.
$310,140 spent$239,605 earned by the program4% of program spendingLoan programs
$44,976 spent$746,673 earned by the program1% of program spendingSite development cost, site acquistion, consultants, engineering, constriuction, and operation development of areas owned by and/or located in baltimore, md
$7,263,465 spentof which $1,330,222 as grants95% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $7,618,581.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $22M to $34M (+56%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 21% · 2018 25% · 2019 2% · 2020 0% · 2021 84% · 2022 48% · 2023 69% · 2024 0% · 2025 77%. Grants only. Government contracts and fees sit inside program revenue.
80% of BALTIMORE DEVELOPMENT CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Colin Talbert
President & CEO
Board chair
Augie Chiasera
Chair
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2024 and FY2025 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $20k → $25k.
1 of 8 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 6% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $130k from 4 payers (the payer shares this organization's board, largest Baltimore Community Foundation Inc). These are real filings, and they are not money BALTIMORE DEVELOPMENT CORPORATION raised.
From the IRS filings of BALTIMORE DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
BALTIMORE DEVELOPMENT CORPORATION leans on a few funders — its largest provides 58% of grant income and the top three 85%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 100% · 2021 100% · 2022 85% · 2023 60% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
0% of BALTIMORE DEVELOPMENT CORPORATION's funders are still giving 3 years after their first grant; 63% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
BALTIMORE DEVELOPMENT CORPORATION draws 61% of its grant income from funders outside Maryland, across 2 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $50k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
BALTIMORE DEVELOPMENT CORPORATION holds deeper cash reserves than three-quarters of the 328 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 328 community improvement nonprofits $10M–$100M, FY2025
Government funding BALTIMORE DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $15.8M on record — $1.8M federal, $14.0M state.
- Small Business Administration$1.7M
- Department of Commerce$120k
- Loan$8.1M
- Grant$5.9M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like BALTIMORE DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Maryland
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
80% of spending goes to programs.
Governance
Public support
84%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 3 related entities
- Made in Baltimore Inc · disregarded
- Emerging Technology Centers Inc · exempt
- City of Baltimore Small Business · exempt
Screen this organization
A dated, signed PDF of the compliance screen for BALTIMORE DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds BALTIMORE DEVELOPMENT CORPORATION?
- BALTIMORE DEVELOPMENT CORPORATION (Maryland) receives grants from 8 organizations whose IRS filings report $867,080 to it, the largest being THE ROCKEFELLER FOUNDATION ($500,000). 5 of them have funded it in more than one year.
- How many funders does BALTIMORE DEVELOPMENT CORPORATION have?
- IRS filings report 8 organizations giving $867,080 in grants to BALTIMORE DEVELOPMENT CORPORATION, 5 of which have funded it in more than one year.
- Who is the largest funder of BALTIMORE DEVELOPMENT CORPORATION?
- THE ROCKEFELLER FOUNDATION is the largest funder on record, with $500,000 in grants. The full list of funders is on this page.
- How can an organization like BALTIMORE DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 8 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing