Bay Shore Services Inc

Analysis

Bay Shore Services Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in April 1994, 32 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 Shore Services Inc reported income of $6.3m and spending of $5.4m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $6.3m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay Shore Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Sacramento LGBT Community Center ($6.3m), Education Forward Arizona ($6.3m) and United Way of Cass-Clay ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $89k (1.6% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $7.9m against liabilities of $3.4m, net assets of $4.5m. It reported 161 employees.