Barnabas Foundation Inc

Analysis

Barnabas Foundation Inc is a registered charity in United States, based in Branson, MO. It received its IRS tax-exemption ruling in February 1995, 31 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 September 2023, Barnabas Foundation Inc reported income of $10.6m and spending of $5.7m, leaving 46% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.9m to $10.6m (+118%), an average of +22% a year. The sharpest change came in the year to September 2021, when income rose by 88%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Barnabas Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MO. Charities of a similar size with the same main cause include Opendor Media Inc ($10.6m), Equipnet ($10.8m) and Teen Challenge Job Training Inc ($10.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 64% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $175k (3.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $23.7m against liabilities of $4.2m, net assets of $19.4m. It reported 232 employees.