Bailey Foundation Inc
Bailey Foundation: Declining Assets, Consistent Spending, and Transparency Gaps
EIN: 222777447 · Stamford, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $433K |
| Total Expenses | $87K |
| Program Spending | 70% |
| Net Assets | $1.2M |
| Transparency Score | 65/100 |
Is Bailey Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bailey Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Bailey Foundation Inc
Bailey Foundation Inc (EIN: 222777447) is a nonprofit organization based in Stamford, CT. The organization reported total revenue of $433K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bailey Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bailey Foundation Inc is a small nonprofit that has been operating for 39 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $87K |
| Surplus / Deficit | $-15,722 |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | -22.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 160.2 months |
Financial Health Grade: B
In 2019, Bailey Foundation Inc reported a deficit of $16K with expenses exceeding revenue, holds 160.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Bailey Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +1.9% | -8.2% | -0.4% |
| 2015 | +29.3% | -11.0% | -2.1% |
| 2014 | +1.7% | +21.4% | -4.2% |
| 2013 | -11.1% | -9.2% | -2.7% |
| 2012 | -26.8% | +37.0% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bailey Foundation Inc 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Bailey Foundation Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific figures for executive salaries are provided in the available data.
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 Inc's IRS 990 filings:
- Total assets have consistently declined from $1,305,735 in 2011 to $1,162,384 in 2019, indicating a potential long-term financial sustainability concern.
- The provided data lacks detailed breakdowns of expenses beyond total expenditures, making it difficult to fully analyze program efficiency and administrative overhead.
- No information on the nature of 'l1' or 'c0%' is provided, which could be important for a complete financial picture.
Strengths
The following positive indicators were identified for Bailey Foundation Inc:
- The organization has maintained a consistent level of revenue and expenditures over the years, suggesting stable operations despite asset decline.
- The foundation has consistently reported 'c0%' which could indicate no lobbying expenses, a positive for some donors.
Frequently Asked Questions about Bailey Foundation Inc
Is Bailey Foundation Inc a legitimate charity?
Bailey Foundation Inc (EIN: 222777447) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 6 years of IRS 990 filings on record. Total revenue: $433K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Bailey Foundation Inc spend its money?
Bailey Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Bailey Foundation Inc tax-deductible?
Bailey Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222777447). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bailey Foundation Inc's spending goes to programs?
Bailey Foundation Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Bailey Foundation Inc located?
Bailey Foundation Inc is headquartered in Stamford, Connecticut and files with the IRS under EIN 222777447.
How many years of IRS 990 filings does Bailey Foundation Inc have?
Bailey Foundation Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $433K in total revenue.
What does Bailey Foundation Inc do?
Bailey Foundation Inc is a nonprofit organization in the Unknown sector, located in Stamford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Bailey Foundation Inc have?
Bailey Foundation Inc reported total revenue of $432,796. Based on 6 IRS 990 filings on record.
What are Bailey Foundation Inc's total assets?
Bailey Foundation Inc holds total assets of $1,162,384 as reported in IRS 990 filings.
Where is Bailey Foundation Inc located?
Bailey Foundation Inc is based in Stamford, Connecticut.
What is Bailey Foundation Inc's EIN?
Bailey Foundation Inc's Employer Identification Number (EIN) is 222777447. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bailey Foundation Inc?
Bailey Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Bailey Foundation Inc a registered 501(c)(3)?
Bailey Foundation Inc appears in IRS records (EIN: 222777447). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Bailey Foundation Inc file IRS Form 990?
Yes, Bailey Foundation Inc has 6 IRS Form 990 filings on record. The most recent covers tax period 201912.
What was Bailey Foundation Inc's revenue in 2019?
In the 201912 filing period, Bailey Foundation Inc reported total revenue of $71,599, total expenses of $87,321, and net assets of $1,165,892.
Is Bailey Foundation Inc's revenue growing or declining?
Bailey Foundation Inc's revenue is relatively stable. Revenue went from $70,240 (201512) to $71,599 (201912), a +1.9% change. Based on 6 filings on record.
What is Bailey Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bailey Foundation Inc covers tax period 201912. It shows revenue of $71,599, expenses of $87,321, total assets of $1,165,892, and liabilities of $1.
How much does Bailey Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Bailey Foundation Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Bailey Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bailey Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Bailey Foundation Inc?
The following concerns were identified: Total assets have consistently declined from $1,305,735 in 2011 to $1,162,384 in 2019, indicating a potential long-term financial sustainability concern.. The provided data lacks detailed breakdowns of expenses beyond total expenditures, making it difficult to fully analyze program efficiency and administrative overhead.. No information on the nature of 'l1' or 'c0%' is provided, which could be important for a complete financial picture.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bailey Foundation Inc's strengths?
Positive indicators for Bailey Foundation Inc include: The organization has maintained a consistent level of revenue and expenditures over the years, suggesting stable operations despite asset decline.. The foundation has consistently reported 'c0%' which could indicate no lobbying expenses, a positive for some donors.. These findings are derived from AI analysis of the organization's financial filings.
How does Bailey Foundation Inc compensate executives?
Executive compensation cannot be assessed as no specific figures for executive salaries are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is the primary cause of the consistent decline in assets for the Bailey Foundation Inc. over the past decade, and how does this impact its long-term operational capacity?
The provided data does not explicitly state the cause of asset decline. It could be due to investment losses, spending exceeding revenue, or strategic asset distribution. Without more detailed financial statements, the exact impact on long-term operational capacity remains unclear, but a continued decline could eventually limit its ability to fund programs.
Given the consistent total expenditures, how does the Bailey Foundation Inc. manage to maintain its operations despite the decreasing asset base?
The foundation appears to be operating on a 'spend-down' model or is relying on consistent, albeit modest, annual revenue to cover its expenditures. The consistent revenue figures (e.g., $71,599 in 2019) are close to the expenditures (e.g., $87,321 in 2019), suggesting a tight operational budget where annual income largely covers annual outgo, with the asset base slowly eroding.
Filing History
IRS 990 filing history for Bailey Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Bailey Foundation Inc's revenue has declined by 12.7%, moving from $82K to $72K. Total assets decreased by 10.7% over the same period, from $1.3M to $1.2M. Total functional expenses rose by 23.3%, from $71K to $87K. In its most recent filing year (2019), Bailey Foundation Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $72K | $87K | $1.2M | $1 | — | View 990 |
| 2015 | $70K | $95K | $1.2M | $1 | — | View 990 |
| 2014 | $54K | $107K | $1.2M | $1 | — | View 990 |
| 2013 | $53K | $88K | $1.2M | $1 | — | View 990 |
| 2012 | $60K | $97K | $1.3M | $1 | — | View 990 |
| 2011 | $82K | $71K | $1.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $72K, expenses of $87K, and assets of $1.2M (revenue +1.9% year-over-year).
- 2015: Revenue of $70K, expenses of $95K, and assets of $1.2M (revenue +29.3% year-over-year).
- 2014: Revenue of $54K, expenses of $107K, and assets of $1.2M (revenue +1.7% year-over-year).
- 2013: Revenue of $53K, expenses of $88K, and assets of $1.2M (revenue -11.1% year-over-year).
- 2012: Revenue of $60K, expenses of $97K, and assets of $1.3M (revenue -26.8% year-over-year).
- 2011: Revenue of $82K, expenses of $71K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bailey Foundation Inc:
Data Sources and Methodology
This transparency report for Bailey Foundation Inc 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.