Bay Cove Moseley Group Home Inc

Analysis

Bay Cove Moseley Group Home Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Bay Cove Moseley Group Home Inc reported income of $87k and spending of $100k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $74k to $87k (+18%), an average of +4.2% a year. Over the whole period it spent 122% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bay Cove Moseley Group Home Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Hooves to Heal NFP ($87k), Community Medical Education and Research Foundation ($87k) and Health and Hope Medical Outreach ($87k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. At year end it held assets of $196k against liabilities of $145k, net assets of $51k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.