Barrels for a Cause Inc

Analysis

Barrels for a Cause Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Barrels for a Cause Inc reported income of $105k and spending of $111k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $114k to $105k (-7.7%), an average of -7.7% a year. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Barrels for a Cause Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within KY. Charities of a similar size with the same main cause include Coudersport Acacia Society a Charitable Association Inc ($105k), MBRC Foundation ($105k) and Stephens County Hospital Foundation Inc ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. At year end it held assets of $799 against liabilities of $0, net assets of $799.