Barnum Foundation for Life Inc

Analysis

Barnum Foundation for Life Inc is a registered charity in United States, based in Shelton, CT. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Barnum Foundation for Life Inc reported income of $132k and spending of $78k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $132k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Barnum Foundation for Life Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within CT. Charities of a similar size with the same main cause include National Math Foundation Inc ($132k), Alabama Boat Show and Expo ($132k) and Glenn O Hawbaker Charity Account Inc ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $268k against liabilities of $0, net assets of $268k.