Barbershop & Social Services

Analysis

Barbershop & Social Services is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in April 2021, 5 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, Barbershop & Social Services reported income of $100k and spending of $112k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $100k (-5.2%), an average of -5.2% a year. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Barbershop & Social Services sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within MN. Charities of a similar size with the same main cause include Hickman County Economic Community Development Association ($100k), Richmond Economic Development Corporation ($100k) and Eagle River Revitalization Program Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.2% of the total. At year end it held assets of $14k against liabilities of $511, net assets of $14k.