Glenn W Bailey Charitable Tr is a 501(c)(3) organization based in West Palm Bch, Florida, registered in 2023, with $10,868,477 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$10.9M
▲ 694.7% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$10.9M
Net assets
$221.0M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Glenn W Bailey Charitable Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Glenn W Bailey Charitable Tr: 242 mo reserves · -1% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Glenn W Bailey Charitable Tr— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Glenn W Bailey Charitable Tr: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $236.4M (FY2022) to $10.9M (FY2024) across 3 reported years.
Financial snapshot
Operating margin
-0.7%
Spent more than it raised in the latest fiscal year.
Total assets
$221.0M
Total liabilities
$3,097
Net assets
$221.0M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,868,477▲695% | $10,947,469▼5.0% | $220,991,702 | $220,994,799 | 990PF |
| 2023 | $1,367,556▼99.4% | $11,525,324▲71.5% | $221,070,694▼4.4% | $221,073,027▼4.4% | 990PF |
| 2022 | $236,439,801 | $6,718,817 | $231,228,462 | $231,230,737 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Stephen G Vogelsang Esq — $579,036 (5.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Stephen G Vogelsang Esq | Co-trustee | 30 | $579,036 |
| Eileen J Daly | Co-trustee | 20 | $347,423 |
| Na | N/a | 0 | — |
| Na | N/a | 0 | — |
| Na | N/a | 0 | — |
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Data for Glenn W Bailey Charitable Tr (EIN 88-6220262) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.