The Friends of Barnabas Foundation

Analysis

The Friends of Barnabas Foundation is a registered charity in United States, based in Midlothian, VA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, The Friends of Barnabas Foundation reported income of $1.3m and spending of $1.1m, spending 87% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.0m to $1.3m (+26%), an average of +4.8% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Friends of Barnabas Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Center for Entrepreneurship in International Health and Developme ($1.3m), Vibha Inc Help Them Grow ($1.3m) and Junior Achievement of Central Virginia ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $100k (9.1% of expenses). Other salaries and wages came to $508k. At year end it held assets of $1.0m against liabilities of $261k, net assets of $780k. It reported 8 employees.