Waterfront Partnership Of Baltimore Inc
Waterfront Partnership Of Baltimore Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 203682821 · Baltimore, MD · NTEE: S99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.2M |
| Total Expenses | $6.6M |
| Program Spending | 85% |
| Net Assets | $7.1M |
| Transparency Score | 90/100 |
Is Waterfront Partnership Of Baltimore Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Waterfront Partnership Of Baltimore Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waterfront Partnership Of Baltimore Inc
Waterfront Partnership Of Baltimore Inc (EIN: 203682821) is a nonprofit organization based in Baltimore, MD, classified under NTEE code S99. The organization reported total revenue of $7.2M and total assets of $7.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterfront Partnership Of Baltimore Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterfront Partnership Of Baltimore Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.1M |
| Total Expenses | $6.6M |
| Surplus / Deficit | +$2.5M |
| Total Assets | $7.7M |
| Total Liabilities | $628K |
| Net Assets | $7.1M |
| Operating Margin | 27.7% |
| Debt-to-Asset Ratio | 8.1% |
| Months of Reserves | 14.1 months |
Financial Health Grade: A
In 2023, Waterfront Partnership Of Baltimore Inc reported a surplus of $2.5M with revenue exceeding expenses, holds 14.1 months of operating reserves (strong position), has a debt-to-asset ratio of 8.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Waterfront Partnership Of Baltimore Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.4% | -41.4% | +30.7% |
| 2022 | -55.9% | +1.2% | -42.7% |
| 2021 | +127.7% | +70.9% | +85.8% |
| 2020 | +14.5% | +10.8% | +44.0% |
| 2019 | +8.6% | +25.7% | +10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Waterfront Partnership Of Baltimore Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Waterfront Partnership Of Baltimore Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, which is a strong positive for donor confidence and mission focus.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Waterfront Partnership Of Baltimore Inc's IRS 990 filings:
- Significant expense exceeding revenue in 202206 ($11,188,286 expenses vs. $7,014,167 revenue)
Strengths
The following positive indicators were identified for Waterfront Partnership Of Baltimore Inc:
- Consistent revenue generation over a decade, from $3.4M in 2014 to $9M in 2023
- Strong asset growth from $1.8M in 2014 to $7.7M in 2023, indicating financial health
- 0% reported officer compensation across all available filings, demonstrating high transparency and mission focus
- Generally positive net income in most reporting periods, indicating sustainable operations
Frequently Asked Questions about Waterfront Partnership Of Baltimore Inc
Is Waterfront Partnership Of Baltimore Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Waterfront Partnership Of Baltimore Inc (EIN: 203682821) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Waterfront Partnership Of Baltimore Inc spend its money?
Waterfront Partnership Of Baltimore Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Waterfront Partnership Of Baltimore Inc tax-deductible?
Waterfront Partnership Of Baltimore Inc is registered as a tax-exempt nonprofit (EIN: 203682821). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Waterfront Partnership Of Baltimore Inc's spending goes to programs?
Waterfront Partnership Of Baltimore Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Waterfront Partnership Of Baltimore Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Waterfront Partnership Of Baltimore Inc is above average for NTEE category S99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Waterfront Partnership Of Baltimore Inc located?
Waterfront Partnership Of Baltimore Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 203682821. It is classified under NTEE code S99.
How many years of IRS 990 filings does Waterfront Partnership Of Baltimore Inc have?
Waterfront Partnership Of Baltimore Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.2M in total revenue.
Is Waterfront Partnership Of Baltimore Inc financially stable?
Yes, the organization appears financially stable. Despite a deficit in 202206, it has consistently generated revenue, grown its assets from $1.8M in 2014 to $7.7M in 2023, and maintained a positive net position in most years.
How does their spending efficiency compare to similar nonprofits?
With 0% officer compensation and a strong program spending focus (estimated 85%), their efficiency appears very high, directing resources primarily to their mission rather than overhead or executive salaries.
What caused the significant expense increase in 202206?
The filings show expenses of $11,188,286 in 202206, significantly higher than the $7,014,167 revenue for that period. Further investigation into the specific activities or projects undertaken in that fiscal year would be needed to understand this anomaly.
Filing History
IRS 990 filing history for Waterfront Partnership Of Baltimore Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Waterfront Partnership Of Baltimore Inc's revenue has grown by 249.3%, moving from $2.6M to $9.1M. Total assets increased by 597.6% over the same period, from $1.1M to $7.7M. Total functional expenses rose by 179.4%, from $2.3M to $6.6M. In its most recent filing year (2023), Waterfront Partnership Of Baltimore Inc reported a surplus of $2.5M, with revenue exceeding expenses. The organization holds $628K in liabilities against $7.7M in assets (debt-to-asset ratio: 8.1%), resulting in net assets of $7.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.1M | $6.6M | $7.7M | $628K | — | View 990 |
| 2022 | $7.0M | $11.2M | $5.9M | $1.3M | — | View 990 |
| 2021 | $15.9M | $11.1M | $10.3M | $1.5M | — | View 990 |
| 2020 | $7.0M | $6.5M | $5.5M | $1.6M | — | View 990 |
| 2019 | $6.1M | $5.8M | $3.9M | $446K | — | View 990 |
| 2018 | $5.6M | $4.6M | $3.5M | $371K | — | View 990 |
| 2017 | $4.0M | $4.0M | $2.5M | $343K | — | View 990 |
| 2016 | $4.1M | $3.7M | $2.5M | $270K | — | View 990 |
| 2015 | $3.3M | $3.2M | $1.9M | $161K | — | View 990 |
| 2014 | $3.5M | $2.7M | $1.9M | $190K | — | View 990 |
| 2013 | $2.6M | $2.8M | $1.3M | $232K | — | View 990 |
| 2012 | $3.2M | $2.8M | $1.5M | $277K | — | View 990 |
| 2011 | $2.6M | $2.3M | $1.1M | $262K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.1M, expenses of $6.6M, and assets of $7.7M (revenue +29.4% year-over-year).
- 2022: Revenue of $7.0M, expenses of $11.2M, and assets of $5.9M (revenue -55.9% year-over-year).
- 2021: Revenue of $15.9M, expenses of $11.1M, and assets of $10.3M (revenue +127.7% year-over-year).
- 2020: Revenue of $7.0M, expenses of $6.5M, and assets of $5.5M (revenue +14.5% year-over-year).
- 2019: Revenue of $6.1M, expenses of $5.8M, and assets of $3.9M (revenue +8.6% year-over-year).
- 2018: Revenue of $5.6M, expenses of $4.6M, and assets of $3.5M (revenue +40.8% year-over-year).
- 2017: Revenue of $4.0M, expenses of $4.0M, and assets of $2.5M (revenue -2.7% year-over-year).
- 2016: Revenue of $4.1M, expenses of $3.7M, and assets of $2.5M (revenue +24.0% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.2M, and assets of $1.9M (revenue -5.2% year-over-year).
- 2014: Revenue of $3.5M, expenses of $2.7M, and assets of $1.9M (revenue +32.0% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.8M, and assets of $1.3M (revenue -17.5% year-over-year).
- 2012: Revenue of $3.2M, expenses of $2.8M, and assets of $1.5M (revenue +23.2% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.3M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waterfront Partnership Of Baltimore Inc:
Data Sources and Methodology
This transparency report for Waterfront Partnership Of Baltimore Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.