Bayonet Point Area Housing Inc

Analysis

Bayonet Point Area Housing Inc is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in May 1990, 36 years ago. 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 December 2023, Bayonet Point Area Housing Inc reported income of $900k and spending of $1.1m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $393k to $900k (+129%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 126%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bayonet Point Area Housing Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Jacksonville Historical Society Inc ($900k), Issaquah Schools Foundation ($900k) and Trees Foundation ($900k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $271k. At year end it held assets of $1.6m against liabilities of $54k, net assets of $1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.