The Bay Park Conservancy Inc

Analysis

The Bay Park Conservancy Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in June 2017, 9 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 (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 2023, The Bay Park Conservancy Inc reported income of $13.6m and spending of $5.4m, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.3m to $13.6m (+46%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 209%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Bay Park Conservancy Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Missouri Ozarks Community Action Inc ($13.6m), The Community Action Agency of Western Connecticut Inc ($13.6m) and Central Oklahoma Workforce Investment Board Inc ($13.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $475k (8.8% of expenses). Other salaries and wages came to $523k. At year end it held assets of $8.9m against liabilities of $1.3m, net assets of $7.6m. It reported 12 employees.