Barat Foundation Inc

Analysis

Barat Foundation Inc is a registered charity in United States, based in Northfield, NJ. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Barat Foundation Inc reported income of $108k and spending of $138k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $126k to $108k (-14%), an average of -14% a year. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Barat Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Ghes Building Company ($108k), King-Thomas Scholarship TR ($108k) and Kirkwood School District Parent Teacher Organizational Council ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $34k against liabilities of $49k, net assets of -$15k.