Barnabas Family Ministries Society

Analysis

Barnabas Family Ministries Society is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in May 1992, 34 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).

In the financial year ending December 2023, Barnabas Family Ministries Society reported income of $2.4m and spending of $2.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.4m (+100%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 48%. 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 Family Ministries Society sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile. Charities of a similar size with the same main cause include The Hall of Tyrannus Mission ($2.4m), Christian Televison of Palm Beach County Inc ($2.4m) and Turning Point Brooklyn Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 34% of the total. Other salaries and wages came to $842k. At year end it held assets of $10.3m against liabilities of $7.7m, net assets of $2.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.