Greater Bandon By-The-Sea Corporation

Analysis

Greater Bandon By-The-Sea Corporation is a registered charity in United States, based in Bandon, OR. It received its IRS tax-exemption ruling in April 2012, 14 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 September 2023, Greater Bandon By-The-Sea Corporation reported income of $239k and spending of $232k, spending 97% of its income. Across the 3 years on record, from September 2020 to September 2023, income fell from $418k to $239k (-43%), an average of -24% a year. The sharpest change came in the year to September 2023, when income rose by 211%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Bandon By-The-Sea Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OR. Charities of a similar size with the same main cause include West Central Community Development Corporation ($238k), 1st Choice Employment Agency ($239k) and Sacramento Valley Manufacturing Alliance ($238k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $39k (17% of expenses). At year end it held assets of $108k against liabilities of $0, net assets of $108k.