Barrow Group Inc

Analysis

Barrow Group Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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 June 2023, Barrow Group Inc reported income of $2.8m and spending of $3.0m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $2.8m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Barrow Group Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Community Receiving Home Inc ($2.8m), Bnai Shalom Synagogue ($2.8m) and National Center for Youth Issues ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $494k (17% of expenses). Other salaries and wages came to $949k. At year end it held assets of $11.2m against liabilities of $8.0m, net assets of $3.3m. It reported 84 employees.