Bay View Association of the United Methodist Church

Analysis

Bay View Association of the United Methodist Church is a registered charity in United States, based in Petoskey, MI. It received its IRS tax-exemption ruling in March 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bay View Association of the United Methodist Church reported income of $4.0m and spending of $3.7m, spending 92% of its income. Across the 4 years on record, from September 2020 to September 2023, income fell from $4.4m to $4.0m (-7.5%), an average of -2.6% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bay View Association of the United Methodist Church sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Nola Business Alliance ($4.0m), Sandhills Community Action Program Inc ($4.0m) and Waikiki Business Improvement District Association ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $134k (3.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $19.9m against liabilities of $2.1m, net assets of $17.8m. It reported 185 employees.