Barnabas Group Inc

Analysis

Barnabas Group Inc is a registered charity in United States, based in Castle Pines, CO. It received its IRS tax-exemption ruling in January 2008, 18 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 December 2023, Barnabas Group Inc reported income of $255k and spending of $117k, leaving 54% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $124k to $255k (+107%), an average of +27% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 66% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Barnabas Group Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CO. Charities of a similar size with the same main cause include Faith Covenant International ($255k), Mt Joy Baptist Church ($255k) and Friends of Hatzolah Ashdod Drom ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $36k (31% of expenses). It paid $1,136 in professional fundraising fees. At year end it held assets of $309k against liabilities of $0, net assets of $309k. It reported 2 employees.