Bay Area Hybrid College Initiative

Analysis

Bay Area Hybrid College Initiative is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Bay Area Hybrid College Initiative reported income of $4.9m and spending of $3.2m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $4.9m (+321%), an average of +43% a year. The sharpest change came in the year to December 2022, when income rose by 220%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bay Area Hybrid College Initiative sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Willow Hill School Inc ($4.9m), Paradise Valley Christian School ($4.9m) and Van Andel Education Institute ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $329k (10% of expenses). Other salaries and wages came to $1.7m. It paid $38k in professional fundraising fees. At year end it held assets of $5.9m against liabilities of $999k, net assets of $4.9m. It reported 27 employees.