Barnabas Enrichment Ministries

Analysis

Barnabas Enrichment Ministries is a registered charity in United States, based in Goshen, IN. It received its IRS tax-exemption ruling in February 2010, 16 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 Enrichment Ministries reported income of $86k and spending of $70k, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $62k to $86k (+38%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Barnabas Enrichment Ministries sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within IN. Charities of a similar size with the same main cause include The Jerusalem Fund Inc ($86k), Transformation Ministries Inc ($86k) and Dustys Heart Apartment Ministries ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.