Bay Area Homeless Services Inc

Analysis

Bay Area Homeless Services Inc is a registered charity in United States, based in Baytown, TX. It received its IRS tax-exemption ruling in January 1985, 41 years ago. 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 December 2022, Bay Area Homeless Services Inc reported income of $724k and spending of $781k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $596k to $724k (+21%), an average of +6.7% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay Area Homeless Services Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Citizens Union Foundation Inc of the City of New York ($724k), Arc of Winnebago Boone and Ogle Counties ($724k) and Hastings Public Schools Foundation ($724k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $376k. At year end it held assets of $1.4m against liabilities of $78k, net assets of $1.3m. It reported 13 employees.