Bayside Community Network Inc

Analysis

Bayside Community Network Inc is a registered charity in United States, based in Elkton, MD. It received its IRS tax-exemption ruling in May 1999, 27 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 June 2023, Bayside Community Network Inc reported income of $12.1m and spending of $10.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.4m to $12.1m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bayside Community Network Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Community Senior Life Inc ($12.1m), Family Tree Inc ($12.1m) and Young Mens Christian Association of High Point ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $280k (2.6% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $15.7m against liabilities of $5.4m, net assets of $10.3m. It reported 281 employees.