Barnabas Center

Analysis

Barnabas Center is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2024, Barnabas Center reported income of $1.8m and spending of $2.0m, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.0m to $1.8m (-9.0%), an average of -2.3% a year. The sharpest change came in the year to June 2024, when income dropped by 17%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Barnabas Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Leelanau Christian Neighbors Inc ($1.8m), Renewing Life Center ($1.8m) and Bethlehem Bible Co Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $280k (14% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.7m against liabilities of $741k, net assets of $936k. It reported 23 employees.