Bayshore Center at Bivalve Inc

Analysis

Bayshore Center at Bivalve Inc is a registered charity in United States, based in Port Norris, NJ. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Bayshore Center at Bivalve Inc reported income of $808k and spending of $997k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $876k to $808k (-7.7%), an average of -2.0% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bayshore Center at Bivalve Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Carmel Symphony Orchestera Inc ($808k), Scott Boudin Festival Association Inc ($809k) and Alpine Theatre Project Inc ($808k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $110k (11% of expenses). Other salaries and wages came to $320k. At year end it held assets of $5.0m against liabilities of $781k, net assets of $4.2m. It reported 27 employees.