Great Bay Services

Analysis

Great Bay Services is a registered charity in United States, based in Dover, NH. It received its IRS tax-exemption ruling in November 1971, 55 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Great Bay Services reported income of $2.8m and spending of $2.7m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.1m to $2.8m (+33%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Great Bay Services sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NH. Charities of a similar size with the same main cause include Project Arriba Advanced Retraining and Redev Inc ($2.8m), Community Renewal International Inc ($2.8m) and Two Foundation ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.8% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $169k (6.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.5m against liabilities of $299k, net assets of $1.2m. It reported 58 employees.