Bay Area Lyme Foundation

Analysis

Bay Area Lyme Foundation is a registered charity in United States, based in Portola Valley, CA. It received its IRS tax-exemption ruling in July 2012, 14 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 Lyme Foundation reported income of $2.0m and spending of $2.5m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.0m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 117% 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 Lyme Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include The Meg and Bennett Goodman Family Foundation ($2.0m), Kinyan Hamashechta Inc Vhaarev Na ($2.0m) and Positive Tracks Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $119k (4.8% of expenses). Other salaries and wages came to $119k. At year end it held assets of $2.4m against liabilities of $2.1m, net assets of $364k. It reported 2 employees.

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.