Cape Barnabas Inc

Analysis

Cape Barnabas Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cape Barnabas Inc reported income of $58k and spending of $40k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $58k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cape Barnabas Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 17th percentile within AK. Charities of a similar size with the same main cause include Akron Rotary Foundation ($58k), Assyrian American Association of Southern California ($58k) and The Aero Club Foundation of Washington ($58k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $832k against liabilities of $869k, net assets of -$36k.