Bayside Housing & Services

Analysis

Bayside Housing & Services is a registered charity in United States, based in Port Hadlock, WA. It received its IRS tax-exemption ruling in September 2014, 12 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, Bayside Housing & Services reported income of $1.8m and spending of $1.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $370k to $1.8m (+374%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 163%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bayside Housing & Services sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Kenai Peninsula Housing Initiatives Incorporated ($1.8m), Tucson Hebrew Home Realty ($1.8m) and Mins Court Housing Company Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 6.1% of the total. Other salaries and wages came to $643k. At year end it held assets of $6.1m against liabilities of $3.0m, net assets of $3.1m.