Arctic Barnabas Ministries Inc

Analysis

Arctic Barnabas Ministries Inc is a registered charity in United States, based in Kenai, AK. It received its IRS tax-exemption ruling in August 2000, 26 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, Arctic Barnabas Ministries Inc reported income of $723k and spending of $556k, leaving 23% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income fell from $957k to $723k (-24%), an average of -5.5% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Arctic Barnabas Ministries Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within AK. Charities of a similar size with the same main cause include Talmud Torah Chochmas Shlomo ($723k), Monastery of Jesus Mary and Joseph Foundation ($724k) and Pure Gift From God ($723k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $36k (6.5% of expenses). Other salaries and wages came to $217k. At year end it held assets of $1.9m against liabilities of $190k, net assets of $1.7m. It reported 14 employees.