Bayarts

Analysis

Bayarts is a registered charity in United States, based in Bay Village, OH. It received its IRS tax-exemption ruling in July 1966, 60 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, Bayarts reported income of $1.1m and spending of $1.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $959k to $1.1m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bayarts sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include LA Comida Senior Nutrition ($1.1m), Mobile Ballet Inc ($1.1m) and International Institute for Energy Conservation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $80k (7.5% of expenses). Other salaries and wages came to $196k. At year end it held assets of $1.9m against liabilities of $157k, net assets of $1.7m. It reported 10 employees.