Bayside Academy Inc

Analysis

Bayside Academy Inc is a registered charity in United States, based in Daphne, AL. It received its IRS tax-exemption ruling in October 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bayside Academy Inc reported income of $21.6m and spending of $14.0m, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $11.8m to $21.6m (+83%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 67%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bayside Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 99th percentile within AL. Charities of a similar size with the same main cause include Forty-Niner Shops Inc ($21.6m), Harlem Village Academies Charter Schools ($21.6m) and James Madison University Foundation Inc ($21.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 58% of the total. Other salaries and wages came to $7.7m. At year end it held assets of $31.8m against liabilities of $7.4m, net assets of $24.4m. It reported 259 employees.