Friends Of@bay Beach Inc

Analysis

Friends Of@bay Beach Inc is a registered charity in United States, based in Green Bay, WI. It received its IRS tax-exemption ruling in April 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends Of@bay Beach Inc reported income of $1.1m and spending of $324k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $115k to $1.1m (+878%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 270%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends Of@bay Beach Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WI. Charities of a similar size with the same main cause include The Fintech Sandbox Inc ($1.1m), Focus St Louis ($1.1m) and Sponsor Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.