Down by the Bay Inc

Analysis

Down by the Bay Inc is a registered charity in United States, based in Holmes Beach, FL. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Down by the Bay Inc reported income of $69k and spending of $65k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $69k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Down by the Bay Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include Tyler J Horst Foundation ($69k), Lifetime Learners Institute Inc ($69k) and The Parent Teacher Organization of PS 122 Queens Inc ($69k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.