Our West Bayfront

Analysis

Our West Bayfront is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in November 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 June 2023, Our West Bayfront reported income of $614k and spending of $615k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $748k to $614k (-18%), an average of -6.4% a year. The sharpest change came in the year to June 2022, when income dropped by 60%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Our West Bayfront sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Wright Dunbar Inc ($614k), Wisconsin Chinese Chamber of Commerce ($614k) and Selfless Foundation Inc ($614k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $2.1m against liabilities of $807k, net assets of $1.3m.