Bay Pines Foundation Inc

Analysis

Bay Pines Foundation Inc is a registered charity in United States, based in Bay Pines, FL. It received its IRS tax-exemption ruling in January 1991, 35 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bay Pines Foundation Inc reported income of $1.2m and spending of $1.1m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $871k to $1.2m (+40%), an average of +8.8% a year. The sharpest change came in the year to September 2021, when income rose by 76%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bay Pines Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Innovative Home Care Foundation ($1.2m), Dysautonomia International Inc ($1.2m) and Sos Recovery Community Organization Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $94k (8.2% of expenses). Other salaries and wages came to $626k. At year end it held assets of $1.4m against liabilities of $44k, net assets of $1.3m. It reported 19 employees.