Baraka Services

Analysis

Baraka Services is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Baraka Services reported income of $154k and spending of $134k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $135k to $154k (+14%), an average of +6.8% a year. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Baraka Services sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Missional Chaplains Incorporated ($154k), Womens Venture Fund Inc ($154k) and Northern Tier Foundation ($154k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.