Bailey Foundation

Analysis

Bailey Foundation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in February 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bailey Foundation reported income of $256k and spending of $199k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.8m to $256k (-86%), an average of -48% a year. The sharpest change came in the year to December 2021, when income rose by 188%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bailey Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within MO. Charities of a similar size with the same main cause include Palmo Center for Peace & Education ($255k), PGM Aviation ($256k) and New York Classical Players Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. Other salaries and wages came to $46k. At year end it held assets of $49k against liabilities of $28k, net assets of $21k. It reported 7 employees.