Robs Barbershop Community Foundation Inc

Analysis

Robs Barbershop Community Foundation Inc is a registered charity in United States, based in Odenton, MD. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Robs Barbershop Community Foundation Inc reported income of $142k and spending of $168k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $184k to $142k (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2021, when income dropped by 38%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Robs Barbershop Community Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MD. Charities of a similar size with the same main cause include Movements for Tomorrow ($142k), Betty Lous Pantry ($142k) and Monroe County Bar Foundation ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $67k (40% of expenses). At year end it held assets of $114k against liabilities of $9,146, net assets of $104k. It reported 1 employees.