Bay Veterans Foundation

Analysis

Bay Veterans Foundation is a registered charity in United States, based in Essexville, MI. It received its IRS tax-exemption ruling in January 2016, 10 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 Veterans Foundation reported income of $282k and spending of $148k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $136k to $282k (+108%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 123%. Over the whole period it spent 32% 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 Veterans Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Richcroft Foundation Inc ($282k), Irvin Foundation ($282k) and Raleigh Civic Ventures Inc ($282k).

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 $1.3m against liabilities of $929, net assets of $1.3m.