Barnabas Network Inc

Analysis

Barnabas Network Inc is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Barnabas Network Inc reported income of $236k and spending of $282k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $319k to $236k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Barnabas Network Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 62nd percentile within SC. Charities of a similar size with the same main cause include New Beginning Apostolic Church Inc ($236k), Ebecc Library Inc ($236k) and South City Athletic Club ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $78k (28% of expenses). At year end it held assets of $3,535 against liabilities of $9,197, net assets of -$5,662. It reported 1 employees.