Baras Foundation

Analysis

Baras Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Baras Foundation reported income of $290k and spending of $247k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $325k to $290k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Baras Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Son House Housing Development Fund Company Inc ($290k), Little League Baseball Inc ($290k) and New Canaan Volunteer Ambulance Corps Inc ($290k).

Compensation of current officers, directors and key employees was $36k (15% of expenses). Other salaries and wages came to $96k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 4 employees.