Barat Education Foundation

Analysis

Barat Education Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Barat Education Foundation reported income of $191k and spending of $223k, spending 117% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $658k to $191k (-71%), an average of -22% a year. The sharpest change came in the year to June 2021, when income dropped by 30%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Barat Education Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Rhome Community Library ($191k), Alliance of North American Chinese Physicians ($191k) and Band & Orchestra Boosters Assn of the Sycamore Comm School District ($191k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $25k (11% of expenses). Other salaries and wages came to $39k. At year end it held assets of $235k against liabilities of $220k, net assets of $15k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.