Bay Harbor Foundation

Analysis

Bay Harbor Foundation is a registered charity in United States, based in Bay Harbor, MI. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Bay Harbor Foundation reported income of $57k and spending of $63k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $234k to $57k (-76%), an average of -30% a year. The sharpest change came in the year to December 2022, when income dropped by 64%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bay Harbor Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within MI. Charities of a similar size with the same main cause include Maor Hatorah Trust ($57k), HBSCC Charitable Fund ($57k) and Symmes Medical Use Nonprofit Corporation ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $21k. At year end it held assets of $588k against liabilities of $3,148, net assets of $585k. It reported 2 employees.