Bay Home Inc

Analysis

Bay Home Inc is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Home Inc reported income of $679k and spending of $594k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $522k to $679k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bay Home Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Rebuilding Together Greater Des ($679k), United Way of Lancaster County Inc ($679k) and Urgent Care Foundation ($678k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $76k (13% of expenses). Other salaries and wages came to $242k. At year end it held assets of $593k against liabilities of $7,238, net assets of $586k. It reported 8 employees.