Barkai Foundation Inc

Analysis

Barkai Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2022, Barkai Foundation Inc reported income of $10.6m and spending of $9.4m, spending 88% of its income. Across the 4 years on record, from August 2019 to August 2022, income grew from $8.2m to $10.6m (+29%), an average of +8.9% a year. The sharpest change came in the year to August 2021, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Barkai Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include John V Lindsay Wildcat Academy Charter School ($10.6m), Tennessee Technological University Foundation ($10.6m) and Alliance Center for Education Inc ($10.6m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $105k (1.1% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $20.5m against liabilities of $12.1m, net assets of $8.4m. It reported 174 employees.