Bay Aging

Analysis

Bay Aging is a registered charity in United States, based in Urbanna, VA. It received its IRS tax-exemption ruling in December 1979, 47 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 September 2023, Bay Aging reported income of $43.6m and spending of $41.7m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.6m to $43.6m (+147%), an average of +25% a year. The sharpest change came in the year to September 2021, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bay Aging sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Lower Cape Fear Hospice Incorporated ($43.6m), Good Food Institute Inc ($43.6m) and Greater Bergen Community Action Inc ($43.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $739k (1.8% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $31.7m against liabilities of $10.8m, net assets of $20.9m. It reported 381 employees.