Maryland · Nonprofit
BETAMORE INC
BETAMORE INC (Maryland) receives grants from 4 organizations whose IRS filings report $221,500 to it, the largest being THE ABELL FOUNDATION INC ($155,000). 3 of them have funded it in more than one year.
- Revenue FY2025
- $38k
- Funders on record
- 4
- Grants received
- $222k
- Net assets
- $-253657
What Betamore Inc does
Mission
Betamore, inc. Organization is a notforprofit organization incorporated under the laws of the state of maryland. The organization is an awardwinning coworking space, incubator and campus for entrepreneurship and technology. The organization's mission is to make baltimore a global entrepreneurship destination. Established in 2012, the organization actively supports, launches and grows technologybased startup companies by delivering on three core pillars: incubation, education and community development.
As stated on its FY2025 Form 990-EZ.
Program
Betamore is an awardwinning coworking space, incubator and campus for technology and entrepreneurship. Betamore actively supports, launches and grows technology based startup companies by delivering on three core pillars: incubation, education and community development. Its education and event offerings have served over 16,000 attendees and 180+ academy graduates. Through its community development efforts, betamore continues to support and engage more than 170 companies in the region. Through its advisory board, betamore connects 96 of the region's highest profile leaders to the betamore membership to provide businesses with guidance and mentorship.
$107,356 spent100% of program spending
The program described on its FY2023 Form 990-EZ. Program spending in total: $107,356.
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 2022 to 2023, from $309k to $134k (−57%).
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 23% · 2018 32% · 2019 18% · 2021 18%. Grants only. Government contracts and fees sit inside program revenue.
55% of BETAMORE INC’s revenue is contributions — about as donation-reliant as the typical peer (77% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 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.
Board chair
Greg Cangialosi
Chairman
As listed on its FY2023 Form 990-EZ.
The chief executive listed changed between the FY2018 and FY2019 filings.
Who funds it, year by year
2017 → 2023: the base held at 2 funders, grant income rose $15k → $58k.
From the IRS filings of BETAMORE INC’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
BETAMORE INC leans on a few funders — its largest provides 70% of grant income and the top three 97%; 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 67% · 2018 100% · 2019 100% · 2020 100% · 2021 98% · 2023 65% — broadly stable.
“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.
Where its funders are
100% of BETAMORE INC's grant income comes from Maryland funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. 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
BETAMORE INC's funding has concentrated — grant income rose while the number of funders held roughly flat.
this organization peer median middle 50% of peers· 6,328 community improvement nonprofits under $100k, FY2025
Government funding BETAMORE INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $103k on record.
- Grant$103k
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 BETAMORE INC
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.
Public support
79%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for BETAMORE INC: 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 BETAMORE INC?
- BETAMORE INC (Maryland) receives grants from 4 organizations whose IRS filings report $221,500 to it, the largest being THE ABELL FOUNDATION INC ($155,000). 3 of them have funded it in more than one year.
- How many funders does BETAMORE INC have?
- IRS filings report 4 organizations giving $221,500 in grants to BETAMORE INC, 3 of which have funded it in more than one year.
- Who is the largest funder of BETAMORE INC?
- THE ABELL FOUNDATION INC is the largest funder on record, with $155,000 in grants. The full list of funders is on this page.
- How can an organization like BETAMORE INC 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.
Play a game about who funds Betamore →
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 4 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