Ricky and Suzanne Barnes Foundation

Analysis

Ricky and Suzanne Barnes Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Ricky and Suzanne Barnes Foundation reported income of $78k and spending of $95k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $118k to $78k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ricky and Suzanne Barnes Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within AZ. Charities of a similar size with the same main cause include Chieftain Boosters Inc ($78k), Muleshoe Heritage Foundation Inc ($78k) and Trooper Tamar Bucci Memorial Fund Inc ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $37k against liabilities of $292, net assets of $36k.