Pedro Bay Benefits Corporation Inc

Analysis

Pedro Bay Benefits Corporation Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Pedro Bay Benefits Corporation Inc reported income of $256k and spending of $53k, leaving 79% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $315k to $256k (-19%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 10% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pedro Bay Benefits Corporation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 53rd percentile within AK. Charities of a similar size with the same main cause include Area 1 Limited Energy Jatc Ma1099 ($256k), Sakan Community Resource Inc ($256k) and Lifeline Community Development Corporation of Merced County ($256k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $25k. At year end it held assets of $540k against liabilities of $91, net assets of $540k. It reported 1 employees.