Bay Area Lyme Major Gift Fund

Analysis

Bay Area Lyme Major Gift Fund is a registered charity in United States, based in Portola Valley, CA. It received its IRS tax-exemption ruling in August 2014, 12 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bay Area Lyme Major Gift Fund reported income of $2.0m and spending of $2.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.0m to $2.0m (-72%), an average of -27% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 82% 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 Major Gift Fund 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 United Way of Carlisle & Cumberland County ($2.0m), Allegan County Community Foundation ($2.0m) and Paamonim ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 124% of the total. Compensation of current officers, directors and key employees was $110k (5.6% of expenses). Other salaries and wages came to $96k. At year end it held assets of $4.1m against liabilities of $108k, net assets of $4.0m. It reported 1 employees.