Barc Housing Inc

Analysis

Barc Housing Inc is a registered charity in United States, based in Davie, FL. It received its IRS tax-exemption ruling in August 1978, 48 years ago. 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 September 2023, Barc Housing Inc reported income of $9.1m and spending of $6.8m, leaving 25% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.8m to $9.1m (+91%), an average of +18% a year. The sharpest change came in the year to September 2023, when income rose by 53%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Barc Housing Inc 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 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Pacific Historic Parks ($9.1m), Iupat Finishing Trades Institute ($9.1m) and Joint Council for Economic Opportunity of Clinton & Franklin ($9.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $4.0m against liabilities of $597k, net assets of $3.4m. It reported 93 employees.