Bay Aging Foundation

Analysis

Bay Aging Foundation is a registered charity in United States, based in Urbanna, VA. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bay Aging Foundation reported income of $218k and spending of $67k, leaving 69% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $116k to $218k (+88%), an average of +17% a year. The sharpest change came in the year to September 2022, when income dropped by 886%. Over the whole period it spent 153% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bay Aging Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include Lions Eye Bank Foundation ($218k), Student Leadership Services Inc ($218k) and Perinatal Foundation Inc ($218k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $1.1m against liabilities of $16k, net assets of $1.0m.