Bay Cove Orchardfield Residence Inc

Analysis

Bay Cove Orchardfield Residence Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Orchardfield Residence Inc reported income of $53k and spending of $83k, spending 155% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $53k to $53k (+0.7%), an average of +0.2% a year. Over the whole period it spent 133% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bay Cove Orchardfield Residence Inc sits at the 19th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Tam Nhi Foundation ($53k), Life Quilt Foundation NFP ($53k) and C R a S H ($53k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. At year end it held assets of $308k against liabilities of $171k, net assets of $138k.

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.