Bay Village Endowment Fund

Analysis

Bay Village Endowment Fund is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Bay Village Endowment Fund reported income of $55k and spending of $7.0m, spending 12745% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $867k to $55k (-94%), an average of -60% a year. The sharpest change came in the year to December 2022, when income dropped by 98%. Over the whole period it spent 159% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bay Village Endowment Fund sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Logan County Homeless Shelter ($55k), Ngip ($55k) and Del Rio Rotary Housing Village II ($55k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 176% of the total. At year end it held assets of $10.6m against liabilities of $14k, net assets of $10.5m.