Bayit Association Inc

Analysis

Bayit Association Inc is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bayit Association Inc reported income of $353k and spending of $397k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $508k to $353k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bayit Association Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Weascend Corporation ($353k), Friendship Community Center Inc ($353k) and Fred Moore Day Nursery School Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.5% of the total. At year end it held assets of $1.8m against liabilities of $1.2m, net assets of $532k.