Barnabas Ministries of Michigan

Analysis

Barnabas Ministries of Michigan is a registered charity in United States, based in Clarkston, MI. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Barnabas Ministries of Michigan reported income of $1.5m and spending of $268k, leaving 82% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $212k to $1.5m (+617%), an average of +93% a year. The sharpest change came in the year to December 2023, when income rose by 302%. Over the whole period it spent 38% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Barnabas Ministries of Michigan sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Sephardic Institute ($1.5m), Shiloh Israel Childrens Fund Inc ($1.5m) and Called to Greatness Ministries Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $9,300. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.