Barracks Project Inc

Analysis

Barracks Project Inc is a registered charity in United States, based in Highland HGTS, KY. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2021, Barracks Project Inc reported income of $148k and spending of $100k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $146k to $148k (+1.1%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Barracks Project Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within KY. Charities of a similar size with the same main cause include St Edmunds Redevelopment Corp ($147k), Jericho Homestead Incorporation ($148k) and MHCPV Housing Inc ($147k).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 97% of the total. It paid $5,387 in professional fundraising fees. At year end it held assets of $201k against liabilities of $0, net assets of $201k.