Bay Cove Hamilton Group Home Inc

Analysis

Bay Cove Hamilton Group Home Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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 Hamilton Group Home Inc reported income of $145k and spending of $158k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $125k to $145k (+15%), an average of +3.6% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay Cove Hamilton Group Home Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Jobs Daughters International ($145k), Navy League of the United States Massachusetts Bay Council ($145k) and Womans Club of Raleigh Inc ($145k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $479k against liabilities of $140k, net assets of $339k.