Bay Village Neighborhood Association Inc

Analysis

Bay Village Neighborhood Association Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bay Village Neighborhood Association Inc reported income of $173k and spending of $17k, leaving 90% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $15k to $173k (+1049%), an average of +1049% a year. The sharpest change came in the year to September 2023, when income rose by 1049%. Over the whole period it spent 22% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bay Village Neighborhood Association Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Friends of Ridgefield Community Programs Inc ($173k), Rotary Club of Belfast Maine Charitable Fund ($174k) and Concerned Citizens for Oak Harbor Area ($173k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $303k against liabilities of $0, net assets of $303k.