Bay Haven Charter Academy Inc

Analysis

Bay Haven Charter Academy Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in June 2003, 23 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, Bay Haven Charter Academy Inc reported income of $34.0m and spending of $32.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.5m to $34.0m (+24%), an average of +5.5% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bay Haven Charter Academy Inc sits at the 97th percentile: it is larger than about 97% 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 Escuela de Agricultura de LA Region Tropical Humeda ($34.0m), St Annes-Belfield Inc ($34.0m) and Eastside Preparatory School ($34.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $243k (0.7% of expenses). Other salaries and wages came to $17.2m. At year end it held assets of $73.6m against liabilities of $50.4m, net assets of $23.1m. It reported 572 employees.