Bayhealth Foundation

Analysis

Bayhealth Foundation is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Bayhealth Foundation reported income of $2.9m and spending of $3.3m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $2.9m (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bayhealth Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within DE. Charities of a similar size with the same main cause include Baylor Oral Health Foundation ($2.9m), Asher Community Health Center ($2.9m) and Genesis Healthcare System -Group Return- ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $489k (15% of expenses). Other salaries and wages came to $230k. It paid $3,600 in professional fundraising fees. At year end it held assets of $14.0m against liabilities of $171k, net assets of $13.8m.