Barnabas Fund

Analysis

Barnabas Fund is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2023, Barnabas Fund reported income of $6.8m and spending of $6.0m, spending 87% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $5.5m to $6.8m (+25%), an average of +7.6% a year. The sharpest change came in the year to August 2022, when income rose by 47%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Barnabas Fund sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Loam Media Inc ($6.8m), Lenawee Christian Ministries ($6.8m) and Kodiak Island Health Care Foundation ($6.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (1.5% of expenses). Other salaries and wages came to $171k. At year end it held assets of $765k against liabilities of $160k, net assets of $606k.