Bay Area Enterprises Inc

Analysis

Bay Area Enterprises Inc is a registered charity in United States, based in Coos Bay, OR. It received its IRS tax-exemption ruling in September 1992, 34 years ago. 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, Bay Area Enterprises Inc reported income of $2.4m and spending of $2.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.4m (+72%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay Area Enterprises Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within OR. Charities of a similar size with the same main cause include Mental Health Association in Indian River County Inc ($2.4m), WRC Senior Services ($2.4m) and Ranching Heritage Association ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $108k (4.9% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $832k against liabilities of $77k, net assets of $756k. It reported 109 employees.