Bay Aging Apartments West Point Inc

Analysis

Bay Aging Apartments West Point Inc is a registered charity in United States, based in Urbanna, VA. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Apartments West Point Inc reported income of $222k and spending of $227k, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $188k to $222k (+18%), an average of +4.2% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bay Aging Apartments West Point Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Monterey Road Supportive Housing Corporation ($222k), Aaa Elderly Housing-Brett H Bradshaw Manor Inc ($222k) and Albemarle Older Adult Housing Inc ($222k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $864k against liabilities of $27k, net assets of $837k.