Baybarry Corporation

Analysis

Baybarry Corporation is a registered charity in United States, based in Rice Lake, WI. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Baybarry Corporation reported income of $153k and spending of $176k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $153k (+24%), an average of +5.6% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Baybarry Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within WI. Charities of a similar size with the same main cause include Joyful Bird Ministries ($153k), Hamilton Place Apartments NFP ($153k) and Day Spring Baxter Avenue Inc ($153k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $28k. At year end it held assets of $569k against liabilities of $82k, net assets of $486k.

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.