Bayhealth Foundation
Bayhealth Foundation: Strong Asset Growth, but Transparency Lacking on Specific Program Spending
EIN: 222559843 · Dover, DE · NTEE: E22I · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $658K |
| Total Expenses | $3.3M |
| Program Spending | 70% |
| Net Assets | $13.8M |
| Transparency Score | 75/100 |
Is Bayhealth Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bayhealth Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Bayhealth Foundation
Bayhealth Foundation (EIN: 222559843) is a nonprofit organization based in Dover, DE, classified under NTEE code E22I. The organization reported total revenue of $658K and total assets of $14.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bayhealth Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bayhealth Foundation is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $3.3M |
| Surplus / Deficit | $-413,728 |
| Total Assets | $14.0M |
| Total Liabilities | $171K |
| Net Assets | $13.8M |
| Operating Margin | -14.4% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 50.9 months |
Financial Health Grade: B
In 2023, Bayhealth Foundation reported a deficit of $414K with expenses exceeding revenue, holds 50.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bayhealth Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.8% | +113.9% | -2.0% |
| 2022 | -45.2% | -58.4% | +8.4% |
| 2021 | -7.8% | +52.5% | +13.3% |
| 2020 | +34.9% | -43.7% | +24.8% |
| 2019 | +102.8% | +0.2% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bayhealth Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Bayhealth Foundation allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $414K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided financial data, making a specific assessment difficult without further filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bayhealth Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in available filings makes it difficult to assess the direct impact of funds.
- The provided data does not include specific executive compensation figures, which limits transparency in this area.
Strengths
The following positive indicators were identified for Bayhealth Foundation:
- Consistent asset growth from $9,291,331 in 2019 to $13,955,115 in 2023 demonstrates strong financial management.
- Positive net income in most recent years, with a significant increase in revenue to $2,875,462 in 2023.
- The organization maintains a healthy asset base, indicating long-term stability and capacity for future initiatives.
Frequently Asked Questions about Bayhealth Foundation
Is Bayhealth Foundation a legitimate charity?
Bayhealth Foundation (EIN: 222559843) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $658K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bayhealth Foundation spend its money?
Bayhealth Foundation directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Bayhealth Foundation tax-deductible?
Bayhealth Foundation is registered as a tax-exempt nonprofit (EIN: 222559843). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bayhealth Foundation's spending goes to programs?
Bayhealth Foundation directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Bayhealth Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bayhealth Foundation is above average for NTEE category E22I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bayhealth Foundation located?
Bayhealth Foundation is headquartered in Dover, Delaware and files with the IRS under EIN 222559843. It is classified under NTEE code E22I.
How many years of IRS 990 filings does Bayhealth Foundation have?
Bayhealth Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $658K in total revenue.
What does Bayhealth Foundation do?
Bayhealth Foundation is a nonprofit organization in the Health Care sector, located in Dover, Delaware. It is classified under NTEE code E22I.
How much revenue does Bayhealth Foundation have?
Bayhealth Foundation reported total revenue of $657,838. Based on 13 IRS 990 filings on record.
What are Bayhealth Foundation's total assets?
Bayhealth Foundation holds total assets of $14,208,702 as reported in IRS 990 filings.
Where is Bayhealth Foundation located?
Bayhealth Foundation is based in Dover, Delaware.
What is Bayhealth Foundation's EIN?
Bayhealth Foundation's Employer Identification Number (EIN) is 222559843. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bayhealth Foundation?
Bayhealth Foundation is classified under NTEE code E22I (Health Care).
Is Bayhealth Foundation a registered 501(c)(3)?
Yes, Bayhealth Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222559843.
Does Bayhealth Foundation file IRS Form 990?
Yes, Bayhealth Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Bayhealth Foundation's revenue in 2023?
In the 202312 filing period, Bayhealth Foundation reported total revenue of $2,875,462, total expenses of $3,289,190, and net assets of $13,955,115.
Is Bayhealth Foundation's revenue growing or declining?
Bayhealth Foundation's revenue is growing. Revenue went from $2,249,310 (202212) to $2,875,462 (202312), a +27.8% change. Based on 13 filings on record.
What is Bayhealth Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Bayhealth Foundation covers tax period 202312. It shows revenue of $2,875,462, expenses of $3,289,190, total assets of $13,955,115, and liabilities of $170,755.
How much does Bayhealth Foundation spend on programs vs administration?
Based on IRS 990 analysis, Bayhealth Foundation allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Bayhealth Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Bayhealth Foundation appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Bayhealth Foundation?
The following concerns were identified: Lack of detailed program spending breakdown in available filings makes it difficult to assess the direct impact of funds.. The provided data does not include specific executive compensation figures, which limits transparency in this area.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bayhealth Foundation's strengths?
Positive indicators for Bayhealth Foundation include: Consistent asset growth from $9,291,331 in 2019 to $13,955,115 in 2023 demonstrates strong financial management.. Positive net income in most recent years, with a significant increase in revenue to $2,875,462 in 2023.. The organization maintains a healthy asset base, indicating long-term stability and capacity for future initiatives.. These findings are derived from AI analysis of the organization's financial filings.
How does Bayhealth Foundation compensate executives?
Executive compensation is not explicitly detailed in the provided financial data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Bayhealth Foundation ensure that its administrative and fundraising expenses, while seemingly reasonable, are optimized to maximize direct program impact?
Without more granular data on specific program expenditures versus administrative overhead, it's challenging to definitively assess optimization. The current data suggests a healthy balance, but further detail would enhance understanding.
Given the substantial asset base, what specific strategies does Bayhealth Foundation employ to leverage these assets for sustained growth and increased community benefit?
The consistent growth in assets suggests effective investment and fundraising strategies. However, the specific deployment of these assets for new or expanded community programs is not detailed in the provided financial summaries.
Filing History
IRS 990 filing history for Bayhealth Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bayhealth Foundation's revenue has grown by 100.2%, moving from $1.4M to $2.9M. Total assets increased by 42.8% over the same period, from $9.8M to $14.0M. Total functional expenses rose by 156%, from $1.3M to $3.3M. In its most recent filing year (2023), Bayhealth Foundation reported a deficit of $414K, with expenses exceeding revenue. The organization holds $171K in liabilities against $14.0M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $13.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $3.3M | $14.0M | $171K | — | — |
| 2022 | $2.2M | $1.5M | $14.2M | $920K | — | View 990 |
| 2021 | $4.1M | $3.7M | $13.1M | $601K | — | View 990 |
| 2020 | $4.5M | $2.4M | $11.6M | $-5,441 | — | View 990 |
| 2019 | $3.3M | $4.3M | $9.3M | $-76,279 | — | View 990 |
| 2018 | $1.6M | $4.3M | $9.8M | $-42,373 | — | View 990 |
| 2017 | $4.2M | $5.5M | $13.0M | $49K | — | View 990 |
| 2016 | $4.9M | $4.5M | $16.5M | $144K | — | View 990 |
| 2015 | $3.7M | $4.6M | $15.8M | $179K | — | View 990 |
| 2014 | $4.0M | $3.1M | $14.6M | $353K | — | View 990 |
| 2013 | $2.9M | $1.4M | $13.9M | $102K | — | View 990 |
| 2012 | $2.9M | $1.4M | $11.8M | $132K | — | View 990 |
| 2011 | $1.4M | $1.3M | $9.8M | $94K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $3.3M, and assets of $14.0M (revenue +27.8% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.5M, and assets of $14.2M (revenue -45.2% year-over-year).
- 2021: Revenue of $4.1M, expenses of $3.7M, and assets of $13.1M (revenue -7.8% year-over-year).
- 2020: Revenue of $4.5M, expenses of $2.4M, and assets of $11.6M (revenue +34.9% year-over-year).
- 2019: Revenue of $3.3M, expenses of $4.3M, and assets of $9.3M (revenue +102.8% year-over-year).
- 2018: Revenue of $1.6M, expenses of $4.3M, and assets of $9.8M (revenue -61.5% year-over-year).
- 2017: Revenue of $4.2M, expenses of $5.5M, and assets of $13.0M (revenue -13.5% year-over-year).
- 2016: Revenue of $4.9M, expenses of $4.5M, and assets of $16.5M (revenue +33.7% year-over-year).
- 2015: Revenue of $3.7M, expenses of $4.6M, and assets of $15.8M (revenue -9.6% year-over-year).
- 2014: Revenue of $4.0M, expenses of $3.1M, and assets of $14.6M (revenue +37.3% year-over-year).
- 2013: Revenue of $2.9M, expenses of $1.4M, and assets of $13.9M (revenue +0.9% year-over-year).
- 2012: Revenue of $2.9M, expenses of $1.4M, and assets of $11.8M (revenue +103.6% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.3M, and assets of $9.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bayhealth Foundation:
Data Sources and Methodology
This transparency report for Bayhealth Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.