Bay City News Foundation

Analysis

Bay City News Foundation is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 City News Foundation reported income of $481k and spending of $510k, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $434k to $481k (+11%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bay City News Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Dial Magazine Inc ($481k), New Federal Theater Inc ($481k) and Junkyard Social Club ($481k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $20k (3.9% of expenses). Other salaries and wages came to $376k. At year end it held assets of $54k against liabilities of $0, net assets of $54k. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.