George and Rebecca Barnes Foundation Inc

Analysis

George and Rebecca Barnes Foundation Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, George and Rebecca Barnes Foundation Inc reported income of $94k and spending of $143k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $142k to $94k (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2022, when income dropped by 68%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, George and Rebecca Barnes Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Momi Museum of Imagination and Innovation a NJ Nonprofit Corp ($94k), Pegasus the Orchestra Inc ($94k) and Mandarin Community Club Inc ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 42% of the total. Other salaries and wages came to $7,939. At year end it held assets of $1.1m against liabilities of $200k, net assets of $853k. It reported 1 employees.