The Barnacle Society Inc

Analysis

The Barnacle Society Inc is a registered charity in United States, based in Coconut Grove, FL. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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 December 2023, The Barnacle Society Inc reported income of $84k and spending of $32k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $84k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Barnacle Society Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Chinese-Vietnamese Buddhist Association ($84k), Patterson School Inc ($84k) and Bread of Life International Church of God Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $241k against liabilities of $0, net assets of $241k.