Bay Cove Human Services Inc

Analysis

Bay Cove Human Services Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bay Cove Human Services Inc reported income of $144.9m and spending of $139.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $124.0m to $144.9m (+17%), an average of +4.0% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay Cove Human Services Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Cna Corporation ($142.4m), Utah Food Bank ($144.9m) and Options for Learning ($142.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.1m (0.8% of expenses). Other salaries and wages came to $86.9m. At year end it held assets of $77.9m against liabilities of $38.3m, net assets of $39.6m. It reported 2,096 employees.