Bay Aging Apartment JCC Inc

Analysis

Bay Aging Apartment JCC Inc is a registered charity in United States, based in Urbanna, VA. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2024, Bay Aging Apartment JCC Inc reported income of $492k and spending of $639k, spending 130% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $396k to $492k (+24%), an average of +5.6% a year. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bay Aging Apartment JCC Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include United Church Residences of Athens Georgia Inc ($492k), Taylor Brown Housing Development Fund Company Inc ($492k) and Veterans Accession House ($492k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $4.2m against liabilities of $78k, net assets of $4.2m.

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.