Bayside Village Business Improvement District Inc

Analysis

Bayside Village Business Improvement District Inc is a registered charity in United States, based in Bayside, NY. It received its IRS tax-exemption ruling in July 2009, 17 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, Bayside Village Business Improvement District Inc reported income of $355k and spending of $386k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $297k to $355k (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bayside Village Business Improvement District Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Partnership for Career Development ($355k), East Somerville Main Street Inc ($355k) and Construction Institute Inc ($355k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $75k (19% of expenses). Other salaries and wages came to $21k. At year end it held assets of $262k against liabilities of $54k, net assets of $208k. It reported 2 employees.