Bailey Park Project

Analysis

Bailey Park Project is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 October 2022, Bailey Park Project reported income of $794k and spending of $797k, spending 100% of its income. Across the 3 years on record, from October 2020 to October 2022, income grew from $312k to $794k (+155%), an average of +60% a year. The sharpest change came in the year to October 2021, when income rose by 63%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bailey Park Project 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 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include High Sierra Lacrosse League ($794k), East Hudson Youth Soccer League Inc ($794k) and Soar Detroit ($792k).

On its Form 990 for the period ending October 2022, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Other salaries and wages came to $411k. At year end it held assets of $370k against liabilities of $2,099, net assets of $368k.