Carolyn Glasoe Bailey Foundation

Analysis

Carolyn Glasoe Bailey Foundation is a registered charity in United States, based in Ojai, CA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Carolyn Glasoe Bailey Foundation reported income of $235k and spending of $304k, spending 129% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $244k to $235k (-3.5%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 148% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carolyn Glasoe Bailey Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include The Marshall County Community Theatre Inc ($235k), Milton Historical Society ($235k) and Pappy Martin Legacy Jazz Collective ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $82k (27% of expenses). At year end it held assets of $5,464 against liabilities of $464k, net assets of -$458k. It reported 1 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.