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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.

$11M
Revenue FY2025
8
Funders on record
$867k
Grants received
$-16616320
Net assets
5/8 repeat funderspeak grant-dependency 4%

Against its field

BALTIMORE DEVELOPMENT CORPORATION holds deeper cash reserves than three-quarters of the 276 community improvement nonprofits its size.

Operating margin10% · above the median
Months of reserve36.7mo · top quartile
Revenue growth (annualized)−1% · bottom quartile

this organization peer median middle 50% of peers· 276 community improvement nonprofits $10M–$100M, FY2025

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

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.

100 = 20172017 Revenue 100 ($12M) Expenses 100 ($11M) Net assets 100 ($6.6M)2018 Revenue 127 ($15M) Expenses 123 ($14M) Net assets 108 ($7.1M)2019 Revenue 86 ($9.9M) Expenses 82 ($9.4M) Net assets 116 ($7.6M)2020 Revenue 79 ($9.2M) Expenses 97 ($11M) Net assets 85 ($5.6M)2021 Revenue 120 ($14M) Expenses 222 ($26M) Net assets -49 ($-3227780)2022 Revenue 66 ($7.6M) Expenses 87 ($10.0M) Net assets -75 ($-4918909)2023 Revenue 52 ($6.0M) Expenses 100 ($11M) Net assets -158 ($-10382768)2024 Revenue 23 ($2.6M) Expenses 86 ($9.9M) Net assets -268 ($-17680478)2025 Revenue 91 ($11M) Expenses 82 ($9.5M) Net assets -252 ($-16616320)
'17'18'19'20'21'22'23'24'25
Revenue (91)Expenses (82)Net assets (-252)Peer revenue range

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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

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).

This organization
Typical peer · 696 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.

$55k
17
$532k
18
$454k
19
$2.0M
20
$12M
21
$2.4M
22
$5.5M
23
$7.3M
24
$1.1M
25
37
months of
reserve
02Who funds it

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

58%
largest funder
85%
top three
~3
effective funders

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.

first grant+1y+2y+3y

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.

NY
MD

In-state vs out-of-state, by year

17
18
19
20
21
22
23
Maryland out of state home

Funder states come from each funder’s own filing. $50k arriving through sponsors registered in 1 stateis 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.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 8 funders put you under-funded among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

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.

Federal$1.8M
grants $1.8Mcontracts $0
19
22
Top agencies
  • Small Business Administration$1.7M
  • Department of Commerce$120k
State$14.0M
09
10
12
14
15
17
Top programs
  • 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

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Maryland

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

80% of spending goes to programs.

Program 80%Management 20%Fundraising 0%

Governance

16
board members
94%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

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

MD

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.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. 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 8funders 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 August 27, 2026. What this page cannot tell you · view filing