Bagly Inc

Analysis

Bagly Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 1984, 42 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, Bagly Inc reported income of $3.0m and spending of $3.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $3.0m (+65%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bagly Inc 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 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Hawaii Health Information Exchange ($3.0m), Charles T Sitrin Network of Homes & Services Inc ($3.0m) and South Florida Veterans Affairs Foundation for Research & Educaton ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $176k (5.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.6m against liabilities of $3.3m, net assets of $1.3m. It reported 32 employees.