Bailey House Inc

Analysis

Bailey House Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1984, 42 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 June 2023, Bailey House Inc reported income of $24.0m and spending of $25.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.3m to $24.0m (+31%), an average of +7.0% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bailey House Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include West Side Deutscher Frauen Verein ($24.0m), Biomedical Research Foundation of Northwest Louisiana ($24.0m) and Flathead Community Health Center Inc ($24.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 97% of the total. Other salaries and wages came to $7.9m. At year end it held assets of $16.8m against liabilities of $3.1m, net assets of $13.7m. It reported 177 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.