Barnabas Network

Analysis

Barnabas Network is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Barnabas Network reported income of $870k and spending of $972k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $578k to $870k (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Barnabas Network sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include United Progress Inc ($870k), In His Steps Ministries Inc ($870k) and Crossroads Community Food Network Inc ($870k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $74k (7.6% of expenses). Other salaries and wages came to $345k. At year end it held assets of $1.3m against liabilities of $30k, net assets of $1.3m. It reported 13 employees.