Bayfront Nato Inc

Analysis

Bayfront Nato Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in May 1968, 58 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Bayfront Nato Inc reported income of $1.0m and spending of $1.1m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $888k to $1.0m (+16%), an average of +5.1% a year. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bayfront Nato Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Ironbound Business Improvement District Management Corporation ($1.0m), Startup Virginia ($1.0m) and Hammond Development Corporation ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $112k (10% of expenses). Other salaries and wages came to $682k. At year end it held assets of $1.8m against liabilities of $1.2m, net assets of $542k. It reported 53 employees.