Save the Bay Inc

Analysis

Save the Bay Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 1971, 55 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Save the Bay Inc reported income of $5.8m and spending of $3.9m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $5.8m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2022, when income rose by 126%. Over the whole period it spent 68% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Save the Bay Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within RI. Charities of a similar size with the same main cause include Populace Inc ($5.8m), Keystone Center ($5.8m) and North Carolina Outward Bound School ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $305k (7.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $18.9m against liabilities of $1.4m, net assets of $17.5m. It reported 45 employees.