Removing the Barriers Initiative Inc

Analysis

Removing the Barriers Initiative Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in March 2011, 15 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, Removing the Barriers Initiative Inc reported income of $226k and spending of $49k, leaving 78% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $178k to $226k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 24% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Removing the Barriers Initiative Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Brooklyn Rescue Mission Urban Harvest Center Inc ($226k), Unfi Assist Inc ($226k) and Immerse the Nations Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $353k against liabilities of $0, net assets of $353k.