Barnabas Ministries

Analysis

Barnabas Ministries is a registered charity in United States, based in Hamilton, MI. It received its IRS tax-exemption ruling in June 1996, 30 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 June 2023, Barnabas Ministries reported income of $441k and spending of $379k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $393k to $441k (+12%), an average of +2.9% a year. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Barnabas Ministries sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include Masjid Nasrullah Inc ($441k), Jabula New Life Ministries Inc ($441k) and In the Midst Honduras ($441k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $77k (20% of expenses). Other salaries and wages came to $116k. At year end it held assets of $290k against liabilities of $0, net assets of $290k. It reported 11 employees.