Dr Richard Barnett Foundation Inc

Analysis

Dr Richard Barnett Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2020, 6 years ago. 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, Dr Richard Barnett Foundation Inc reported income of $233k and spending of $279k, spending 119% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $217k to $233k (+7.4%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income rose by 154%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dr Richard Barnett Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Grand Traverse Ski Club & Patrons ($233k), The Standby Program Inc ($233k) and Trust U/W E Sawyer Cummings ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $105k (38% of expenses). At year end it held assets of $27k against liabilities of $23k, net assets of $3,714. It reported 1 employees.