Bar X Project Inc

Analysis

Bar X Project Inc is a registered charity in United States, based in Berlin, NJ. It received its IRS tax-exemption ruling in October 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bar X Project Inc reported income of $81k and spending of $57k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $86k to $81k (-6.0%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bar X Project Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within NJ. Charities of a similar size with the same main cause include Rapids Mat Backers Inc ($81k), Little League Baseball Inc ($81k) and PTA California Congress of Parents Teachers & Students Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.