Bay Path University

Analysis

Bay Path University is a registered charity in United States, based in Longmeadow, MA. It received its IRS tax-exemption ruling in August 1949, 77 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Bay Path University reported income of $61.7m and spending of $61.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $70.4m to $61.7m (-12%), an average of -3.3% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bay Path University sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include The Public School of Germantown ($61.7m), Asbury College ($61.7m) and The Endowment Fund of the Phi Kappa Psi Fraternity ($61.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.4m (2.3% of expenses). Other salaries and wages came to $24.1m. At year end it held assets of $126.9m against liabilities of $23.3m, net assets of $103.6m. It reported 1,049 employees.