Baymec Community Foundation

Analysis

Baymec Community Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Baymec Community Foundation reported income of $289k and spending of $59k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $289k (+120%), an average of +120% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 37% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Baymec Community Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Grocery Outlet Touching Lives Foundation ($289k), Germantown Avenue Crisis Ministry ($289k) and Lewis & Clark Certified Development Company ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $332k against liabilities of $0, net assets of $332k.