Bailey Foundation

Bailey Foundation experiences significant financial fluctuations and asset decline, with a substantial deficit in 2023.

EIN: 207397593 · Hamilton, NJ · NTEE: T20 · Updated: 2026-03-28

$758KRevenue

$666KAssets

65/100Mission Score (Good)

T20

About Bailey Foundation

Bailey Foundation (EIN: 207397593) is a nonprofit organization based in Hamilton, NJ, classified under NTEE code T20. The organization reported total revenue of $758K and total assets of $666K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bailey Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Bailey Foundation exhibits inconsistent financial performance over the past decade. While the organization reported $757,777 in latest revenue and $665,787 in assets, its recent financial activities show significant fluctuations. For instance, in 2023, expenses ($1,214,696) far exceeded revenue ($355,869), indicating a substantial deficit for that period. This contrasts sharply with earlier years like 2013 and 2014, where revenue significantly outpaced expenses. The foundation consistently reports minimal liabilities ($1) and zero officer compensation across all filings, which suggests a lean operational structure and good transparency regarding executive pay. However, the wide swings in revenue and expenses, particularly the large deficit in 2023, warrant closer examination to understand the sustainability of its operations and funding model.

The organization's financial health appears to be in flux, with assets declining from a peak of over $1.6 million in 2014 to $598,353 in 2023. The lack of officer compensation is a positive indicator for donor confidence, as it suggests resources are not being diverted to high executive salaries. However, without a detailed breakdown of expenses beyond the top-line figures, it's challenging to fully assess spending efficiency, particularly the allocation between program services, administrative costs, and fundraising. The significant deficit in 2023 raises concerns about the foundation's ability to cover its operational costs through current revenue streams, potentially relying on its declining asset base.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bailey Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Bailey Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is a strong positive for donor trust.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Bailey Foundation's IRS 990 filings:

Significant and recurring deficits in multiple years (e.g., 2023, 2021, 2015), indicating spending exceeds revenue.
Consistent decline in assets from a peak of $1,602,251 in 2014 to $598,353 in 2023, suggesting unsustainable spending or investment performance.
Highly volatile revenue streams, making financial planning and sustainability challenging.

Strengths

The following positive indicators were identified for Bailey Foundation:

Zero officer compensation reported across all filings, indicating a commitment to directing funds towards the mission.
Consistently low liabilities ($1), suggesting sound financial management regarding debt.
Long filing history (10 filings), indicating consistent compliance with IRS reporting requirements.

Frequently Asked Questions about Bailey Foundation

What caused the significant deficit in 2023, where expenses ($1,214,696) were much higher than revenue ($355,869)?

The filings do not provide a detailed explanation for the large deficit in 2023. It could be due to a one-time large program expenditure, a significant drop in donations, or a combination of factors. Further investigation into the detailed expense breakdown would be necessary.

Why have the organization's assets declined from over $1.6 million in 2014 to $598,353 in 2023?

The decline in assets suggests that the organization has been spending more than it has been generating in revenue over several periods, particularly evident in years like 2023 and 2015 where expenses exceeded revenue. This trend indicates a reliance on its endowment or accumulated funds to cover operational costs.

What is the specific breakdown of program, administrative, and fundraising expenses?

The provided IRS 990 data only offers total revenue and expenses. A detailed breakdown of how expenses are allocated across programs, administration, and fundraising is not available in this summary.

Filing History

IRS 990 filing history for Bailey Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Bailey Foundation's revenue has grown by 1874%, moving from $18K to $356K. Total assets decreased by 3.2% over the same period, from $618K to $598K. Total functional expenses rose by 2612.1%, from $45K to $1.2M. In its most recent filing year (2023), Bailey Foundation reported a deficit of $859K, with expenses exceeding revenue. The organization holds $1 in liabilities against $598K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $598K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$356K	$1.2M	$598K	$1	—	View 990
2022	$69K	$27K	$1.5M	$1	—	View 990
2021	$259K	$373K	$1.4M	$1	—	View 990
2020	$66K	$19K	$1.5M	$1	—	View 990
2019	$62K	$27K	$1.5M	$1	—	View 990
2015	$110K	$190K	$1.5M	$1	—	View 990
2014	$758K	$73K	$1.6M	$1	—	View 990
2013	$1.1M	$46K	$1.2M	$1	—	View 990
2012	$27K	$46K	$599K	$1	—	View 990
2011	$18K	$45K	$618K	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $356K, expenses of $1.2M, and assets of $598K (revenue +419.3% year-over-year).
2022: Revenue of $69K, expenses of $27K, and assets of $1.5M (revenue -73.6% year-over-year).
2021: Revenue of $259K, expenses of $373K, and assets of $1.4M (revenue +293.7% year-over-year).
2020: Revenue of $66K, expenses of $19K, and assets of $1.5M (revenue +6.1% year-over-year).
2019: Revenue of $62K, expenses of $27K, and assets of $1.5M (revenue -43.6% year-over-year).
2015: Revenue of $110K, expenses of $190K, and assets of $1.5M (revenue -85.5% year-over-year).
2014: Revenue of $758K, expenses of $73K, and assets of $1.6M (revenue -28.2% year-over-year).
2013: Revenue of $1.1M, expenses of $46K, and assets of $1.2M (revenue +3742.6% year-over-year).
2012: Revenue of $27K, expenses of $46K, and assets of $599K (revenue +52.4% year-over-year).
2011: Revenue of $18K, expenses of $45K, and assets of $618K.

Data Sources and Methodology

This transparency report for Bailey Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.