Bay Aging Apartments Middlesex Inc

Analysis

Bay Aging Apartments Middlesex Inc is a registered charity in United States, based in Urbanna, VA. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2024, Bay Aging Apartments Middlesex Inc reported income of $319k and spending of $383k, spending 120% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $266k to $319k (+20%), an average of +4.7% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bay Aging Apartments Middlesex Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Nba Disciples Housing of Boise Nba Dogwood Plaza ($319k), Backbone Housing Inc ($319k) and Battles Village Incorporated ($319k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $27k. At year end it held assets of $2.4m against liabilities of $46k, net assets of $2.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.