Barrett Foundation Inc

Analysis

Barrett Foundation Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in February 1986, 40 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 June 2023, Barrett Foundation Inc reported income of $3.3m and spending of $3.9m, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $3.3m (+74%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 63%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Barrett Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NM. Charities of a similar size with the same main cause include Design Outreach Inc ($3.3m), Village Assisted Living Inc ($3.3m) and Walker Senior Housing Corporation III ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $52k (1.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.1m against liabilities of $3.6m, net assets of $1.5m. It reported 55 employees.