Bay Village of Sarasota Inc

Analysis

Bay Village of Sarasota Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in December 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Bay Village of Sarasota Inc reported income of $29.9m and spending of $23.1m, leaving 23% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $24.6m to $29.9m (+22%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bay Village of Sarasota Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Mental Health Services for Homeless Persons Inc ($29.8m), Inclusive Links Inc ($29.9m) and The Seventh Generation Fund for Indigenous Peoples Inc ($29.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $809k (3.5% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $64.3m against liabilities of $27.5m, net assets of $36.8m. It reported 343 employees.