Ernest H & Helen D Bailey Memorial TR

Analysis

Ernest H & Helen D Bailey Memorial TR is a registered charity in United States, based in Norwell, MA. It received its IRS tax-exemption ruling in August 1993, 33 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ernest H & Helen D Bailey Memorial TR reported income of $282k and spending of $414k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $134k to $282k (+110%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 220%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ernest H & Helen D Bailey Memorial TR sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include American Friends of the University of Calgary Inc ($282k), Good Neighbor Network ($282k) and Lewis & Clark Foundation ($282k).

Compensation of current officers, directors and key employees was $12k (2.9% of expenses). At year end it held assets of $5.5m against liabilities of $0, net assets of $5.5m.