Bay Arts Alliance Inc

Analysis

Bay Arts Alliance Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in December 1980, 46 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 September 2023, Bay Arts Alliance Inc reported income of $532k and spending of $522k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $425k to $532k (+25%), an average of +5.8% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay Arts Alliance Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Citizens United to Protect the Maurice River and Its Tributaries ($532k), Western Catholic Educationalassociation ($532k) and City of Anderson Public Facilities Corporation ($532k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 33% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $68k (13% of expenses). Other salaries and wages came to $166k. At year end it held assets of $612k against liabilities of $519, net assets of $612k. It reported 6 employees.