Bay Area Center for Independent Living Inc

Analysis

Bay Area Center for Independent Living Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in July 1975, 51 years ago. 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 June 2023, Bay Area Center for Independent Living Inc reported income of $1.4m and spending of $1.2m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.4m (+12%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay Area Center for Independent Living Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Chinese American Parents Association Inc ($1.4m), St Clare Management Inc ($1.4m) and Wisteria View Housing Corporation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $81k (6.8% of expenses). Other salaries and wages came to $636k. At year end it held assets of $2.2m against liabilities of $1.1m, net assets of $1.2m. It reported 28 employees.