Barkai Foundation Inc
Barkai Foundation Inc. shows consistent revenue, asset growth, and no reported officer compensation, but liabilities have increased.
EIN: 113487526 · Brooklyn, NY · NTEE: B24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.6M |
| Total Expenses | $9.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $8.4M |
| Transparency Score | 85/100 |
Is Barkai Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Barkai Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Barkai Foundation Inc
Barkai Foundation Inc (EIN: 113487526) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code B24. The organization reported total revenue of $10.6M and total assets of $20.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Barkai Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Barkai Foundation Inc is a large nonprofit that has been operating for 3 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.6M |
| Total Expenses | $9.4M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $20.5M |
| Total Liabilities | $12.1M |
| Net Assets | $8.4M |
| Operating Margin | 11.5% |
| Debt-to-Asset Ratio | 59.2% |
| Months of Reserves | 26.2 months |
Financial Health Grade: A
In 2022, Barkai Foundation Inc reported a surplus of $1.2M with revenue exceeding expenses, holds 26.2 months of operating reserves (strong position), has a debt-to-asset ratio of 59.2% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Barkai Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -11.3% | +8.8% | -3.1% |
| 2021 | +28.9% | -4.0% | +29.6% |
| 2020 | +12.9% | -16.9% | +20.8% |
| 2019 | +9.3% | +14.2% | -15.3% |
| 2018 | -5.0% | +23.4% | -11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Barkai Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Barkai Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 59.2%.
Executive Compensation Analysis
The Barkai Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with over $10 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Barkai Foundation Inc's IRS 990 filings:
- Significant increase in liabilities over time, from $631,535 in 2015 to $12,149,426 in 2022, warrants further investigation.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Barkai Foundation Inc:
- Consistent revenue generation, with latest revenue at $10,634,718.
- Strong asset growth, from $8,308,470 in 2013 to $20,534,451 in 2022.
- No reported officer compensation across all filings, indicating a strong commitment to directing funds to the mission.
- Generally positive net income (revenue exceeding expenses) in most recent years, indicating financial stability.
Frequently Asked Questions about Barkai Foundation Inc
Is Barkai Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Barkai Foundation Inc (EIN: 113487526) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Barkai Foundation Inc spend its money?
Barkai Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Barkai Foundation Inc tax-deductible?
Barkai Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113487526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Barkai Foundation Inc CEO make?
Barkai Foundation Inc's highest-compensated officer earns $10 annually. The organization reported $10.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Barkai Foundation Inc's spending goes to programs?
Barkai Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Barkai Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Barkai Foundation Inc is above average for NTEE category B24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Barkai Foundation Inc located?
Barkai Foundation Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113487526. It is classified under NTEE code B24.
How many years of IRS 990 filings does Barkai Foundation Inc have?
Barkai Foundation Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10.6M in total revenue.
Is Barkai Foundation Inc. a good charity?
Based on the available data, Barkai Foundation Inc. appears to be a financially stable organization with consistent revenue and asset growth. The lack of reported officer compensation is a significant positive indicator of funds being directed towards its mission. However, a full assessment would require more detailed expense breakdowns and an understanding of their program impact.
Why are liabilities so high and increasing?
Liabilities have increased significantly from $631,535 in 2015 to $12,149,426 in 2022. The nature of these liabilities (e.g., program-related payables, mortgages, loans) would need to be examined in the full 990 filing to understand their implications for the organization's financial health.
How does the organization operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or compensated through mechanisms not classified as officer compensation on the 990 form. This is a notable operational model for an organization of this scale.
Filing History
IRS 990 filing history for Barkai Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Barkai Foundation Inc's revenue has grown by 47.5%, moving from $7.2M to $10.6M. Total assets increased by 182.4% over the same period, from $7.3M to $20.5M. Total functional expenses rose by 62.2%, from $5.8M to $9.4M. In its most recent filing year (2022), Barkai Foundation Inc reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $12.1M in liabilities against $20.5M in assets (debt-to-asset ratio: 59.2%), resulting in net assets of $8.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $10.6M | $9.4M | $20.5M | $12.1M | — | View 990 |
| 2021 | $12.0M | $8.6M | $21.2M | $14.0M | — | — |
| 2020 | $9.3M | $9.0M | $16.3M | $12.5M | — | — |
| 2019 | $8.2M | $10.8M | $13.5M | $10.0M | — | View 990 |
| 2018 | $7.5M | $9.5M | $16.0M | $9.9M | — | View 990 |
| 2017 | $7.9M | $7.7M | $18.0M | $10.0M | — | View 990 |
| 2016 | $8.3M | $8.7M | $15.1M | $10.6M | — | View 990 |
| 2015 | $8.7M | $7.7M | $9.2M | $632K | — | View 990 |
| 2014 | $6.4M | $6.1M | $8.5M | $848K | — | View 990 |
| 2013 | $8.3M | $6.7M | $8.3M | $979K | — | View 990 |
| 2012 | $5.6M | $5.4M | $7.1M | $1.3M | — | View 990 |
| 2011 | $7.2M | $5.8M | $7.3M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $10.6M, expenses of $9.4M, and assets of $20.5M (revenue -11.3% year-over-year).
- 2021: Revenue of $12.0M, expenses of $8.6M, and assets of $21.2M (revenue +28.9% year-over-year).
- 2020: Revenue of $9.3M, expenses of $9.0M, and assets of $16.3M (revenue +12.9% year-over-year).
- 2019: Revenue of $8.2M, expenses of $10.8M, and assets of $13.5M (revenue +9.3% year-over-year).
- 2018: Revenue of $7.5M, expenses of $9.5M, and assets of $16.0M (revenue -5.0% year-over-year).
- 2017: Revenue of $7.9M, expenses of $7.7M, and assets of $18.0M (revenue -5.0% year-over-year).
- 2016: Revenue of $8.3M, expenses of $8.7M, and assets of $15.1M (revenue -3.9% year-over-year).
- 2015: Revenue of $8.7M, expenses of $7.7M, and assets of $9.2M (revenue +35.2% year-over-year).
- 2014: Revenue of $6.4M, expenses of $6.1M, and assets of $8.5M (revenue -22.4% year-over-year).
- 2013: Revenue of $8.3M, expenses of $6.7M, and assets of $8.3M (revenue +48.0% year-over-year).
- 2012: Revenue of $5.6M, expenses of $5.4M, and assets of $7.1M (revenue -22.4% year-over-year).
- 2011: Revenue of $7.2M, expenses of $5.8M, and assets of $7.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Barkai Foundation Inc:
Data Sources and Methodology
This transparency report for Barkai Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.