Bay Area Community Foundation

Analysis

Bay Area Community Foundation is a registered charity in United States, based in Bay City, MI. It received its IRS tax-exemption ruling in October 1982, 44 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 Area Community Foundation reported income of $3.9m and spending of $3.4m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.9m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 77% 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 Area Community Foundation sits at the 92nd percentile: it is larger than about 92% 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 San Carlos Educational Foundation ($3.9m), Community Foundation of NC East Inc ($3.9m) and Argent Foundation ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $130k (3.9% of expenses). Other salaries and wages came to $346k. At year end it held assets of $56.7m against liabilities of $2.7m, net assets of $54.0m. It reported 9 employees.