Bay Foundation of Morro Bay California San Luis Obispo County

Analysis

Bay Foundation of Morro Bay California San Luis Obispo County is a registered charity in United States, based in Morro Bay, CA. It received its IRS tax-exemption ruling in December 1990, 36 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 September 2023, Bay Foundation of Morro Bay California San Luis Obispo County reported income of $2.3m and spending of $1.8m, leaving 24% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.6m to $2.3m (-8.4%), an average of -2.2% a year. The sharpest change came in the year to September 2021, when income rose by 460%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay Foundation of Morro Bay California San Luis Obispo County sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include New Jersey Coalition Against Sexual Assault ($2.3m), Ogontz Avenue Revitalization Corp ($2.3m) and Cambridge Young Womens Christian Association ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $119k (6.7% of expenses). Other salaries and wages came to $598k. At year end it held assets of $23.1m against liabilities of $355k, net assets of $22.7m. It reported 26 employees.