Newsome-bailey Project Inc is a 501(c)(3) organization based in Newport News, Virginia, registered in 2013, with $51,513 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$52K
▲ 117.7% vs prior year
Education median: $200K
Expenses (FY2023)
$33K
Net assets
$104K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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 Newsome-bailey Project Inc— 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 Newsome-bailey Project Inc: 38 mo reserves · +36% margin earns a A 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 Newsome-bailey Project Inc— 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 Newsome-bailey Project Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $29K (FY2021) to $52K (FY2023) across 3 reported years.
Financial snapshot
Operating margin
36.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$104K
Total liabilities
$0
Net assets
$104K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $51,513▲118% | $32,715▲5.9% | $104,072▲22.0% | $104,072▲22.0% | 990EZ |
| 2022 | $23,661▼18.1% | $30,890▲39.7% | $85,274▼7.8% | $85,274▼7.8% | 990EZ |
| 2021 | $28,879 | $22,118 | $92,503 | $92,503 | 990EZ |
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.
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Data for Newsome-bailey Project Inc (EIN 46-0660733) 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.