Barnabas Ministries

Analysis

Barnabas Ministries is a registered charity in United States, based in Lenoir City, TN. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Barnabas Ministries reported income of $52k and spending of $55k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $106k to $52k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Barnabas Ministries sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within TN. Charities of a similar size with the same main cause include Alices Place ($52k), Grace in Action Incorporated ($52k) and Thurston Cares ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. At year end it held assets of $60k against liabilities of $864, net assets of $59k.