Newsome-Bailey Project Inc

Analysis

Newsome-Bailey Project Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Newsome-Bailey Project Inc reported income of $52k and spending of $33k, leaving 36% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $24k to $52k (+118%), an average of +118% a year. The sharpest change came in the year to June 2024, when income rose by 118%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newsome-Bailey Project Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include Magellan Charter School Athletics Boosters Club ($52k), St Agnes Surgical Association Inc ($52k) and T C Williams High School Athletic Booster Club Inc ($51k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $104k against liabilities of $0, net assets of $104k.