Bay Ridge Center Inc

Analysis

Bay Ridge Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Bay Ridge Center Inc reported income of $7.2m and spending of $5.3m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $7.2m (+139%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bay Ridge Center Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Mount St Joseph-St Elizabeth ($7.1m), Jewish Family & Vocational Service of Middlesex County Inc ($7.2m) and Communities in Schools of Atlanta Inc ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $121k (2.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $15.5m against liabilities of $11.5m, net assets of $4.1m. It reported 60 employees.