Baker Industries Inc

Analysis

Baker Industries Inc is a registered charity in United States, based in Malvern, PA. It received its IRS tax-exemption ruling in February 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Baker Industries Inc reported income of $3.3m and spending of $2.3m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.3m (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Baker Industries Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include The Shade Tree Incorporated ($3.3m), Chattahoochee Valley Educational Foundation ($3.3m) and Native Directions Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 23% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $6.6m against liabilities of $1.2m, net assets of $5.4m. It reported 211 employees.