Barnabas Ministries Inc
Barnabas Ministries Inc. consistently operates with zero officer compensation but frequently spends more than it earns.
EIN: 161722368 · Edmond, OK · NTEE: P46 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $45K |
| Total Expenses | $46K |
| Program Spending | 85% |
| Net Assets | $35K |
| Transparency Score | 75/100 |
Is Barnabas Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Barnabas Ministries Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Barnabas Ministries Inc
Barnabas Ministries Inc (EIN: 161722368) is a nonprofit organization based in Edmond, OK, classified under NTEE code P46. The organization reported total revenue of $45K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Barnabas Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Barnabas Ministries Inc is a micro nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $44K |
| Total Expenses | $46K |
| Surplus / Deficit | $-1,358 |
| Total Assets | $36K |
| Total Liabilities | $700 |
| Net Assets | $35K |
| Operating Margin | -3.1% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 9.4 months |
Financial Health Grade: B
In 2023, Barnabas Ministries Inc reported a deficit of $1K with expenses exceeding revenue, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Barnabas Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.7% | -15.4% | -3.6% |
| 2022 | +36.0% | +22.2% | -0.7% |
| 2021 | -25.2% | -13.1% | -11.9% |
| 2020 | -9.5% | -7.8% | +3.6% |
| 2019 | +9.8% | -1.7% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Barnabas Ministries Inc with a Mission Score of 75 out of 100 (Good). 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, Barnabas Ministries 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led leadership structure, which is highly efficient for an organization of this size.
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 Barnabas Ministries Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023, 2022, 2021 expenses exceeded revenue)
- Gradual decline in total assets over the past several years
Strengths
The following positive indicators were identified for Barnabas Ministries Inc:
- Zero officer compensation reported across all filings, indicating highly efficient leadership
- Consistent filing of IRS Form 990s, demonstrating good transparency
- Low liabilities, suggesting responsible financial management of debt
Frequently Asked Questions about Barnabas Ministries Inc
Is Barnabas Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Barnabas Ministries Inc (EIN: 161722368) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Barnabas Ministries Inc spend its money?
Barnabas Ministries Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Barnabas Ministries Inc tax-deductible?
Barnabas Ministries Inc is registered as a tax-exempt nonprofit (EIN: 161722368). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Barnabas Ministries Inc's spending goes to programs?
Barnabas Ministries Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Barnabas Ministries Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Barnabas Ministries Inc is above average for NTEE category P46 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Barnabas Ministries Inc located?
Barnabas Ministries Inc is headquartered in Edmond, Oklahoma and files with the IRS under EIN 161722368. It is classified under NTEE code P46.
How many years of IRS 990 filings does Barnabas Ministries Inc have?
Barnabas Ministries 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 $45K in total revenue.
Is Barnabas Ministries Inc. financially sustainable?
The organization has frequently reported expenses exceeding revenue in recent years (e.g., 2023, 2022, 2021), leading to a gradual decline in assets. While not immediately critical, this trend suggests potential long-term sustainability challenges if not addressed.
How does Barnabas Ministries Inc. manage its administrative costs?
The organization reports 0% officer compensation, indicating a very lean administrative structure, likely relying heavily on volunteers, which keeps administrative costs low.
What is the trend in the organization's assets?
Assets have generally declined from a peak of $49,797 in 2016 to $35,886 in 2023, largely due to consistent deficit spending in recent years.
Filing History
IRS 990 filing history for Barnabas Ministries Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Barnabas Ministries Inc's revenue has grown by 2.6%, moving from $43K to $44K. Total assets increased by 3510.3% over the same period, from $994 to $36K. Total functional expenses rose by 17.7%, from $39K to $46K. In its most recent filing year (2023), Barnabas Ministries Inc reported a deficit of $1K, with expenses exceeding revenue. The organization holds $700 in liabilities against $36K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $35K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $44K | $46K | $36K | $700 | — | View 990 |
| 2022 | $53K | $54K | $37K | $700 | — | View 990 |
| 2021 | $39K | $44K | $38K | $200 | — | — |
| 2020 | $52K | $51K | $43K | $200 | — | — |
| 2019 | $58K | $55K | $41K | $200 | — | View 990 |
| 2018 | $53K | $56K | $38K | $0 | — | View 990 |
| 2017 | $52K | $60K | $42K | $0 | — | View 990 |
| 2016 | $98K | $71K | $50K | $0 | — | View 990 |
| 2014 | $45K | $60K | $25K | $0 | — | View 990 |
| 2013 | $33K | $75K | $40K | $0 | — | View 990 |
| 2012 | $151K | $70K | $82K | $0 | — | View 990 |
| 2011 | $43K | $39K | $994 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $44K, expenses of $46K, and assets of $36K (revenue -16.7% year-over-year).
- 2022: Revenue of $53K, expenses of $54K, and assets of $37K (revenue +36.0% year-over-year).
- 2021: Revenue of $39K, expenses of $44K, and assets of $38K (revenue -25.2% year-over-year).
- 2020: Revenue of $52K, expenses of $51K, and assets of $43K (revenue -9.5% year-over-year).
- 2019: Revenue of $58K, expenses of $55K, and assets of $41K (revenue +9.8% year-over-year).
- 2018: Revenue of $53K, expenses of $56K, and assets of $38K (revenue +1.2% year-over-year).
- 2017: Revenue of $52K, expenses of $60K, and assets of $42K (revenue -46.7% year-over-year).
- 2016: Revenue of $98K, expenses of $71K, and assets of $50K (revenue +117.9% year-over-year).
- 2014: Revenue of $45K, expenses of $60K, and assets of $25K (revenue +34.7% year-over-year).
- 2013: Revenue of $33K, expenses of $75K, and assets of $40K (revenue -78.0% year-over-year).
- 2012: Revenue of $151K, expenses of $70K, and assets of $82K (revenue +249.3% year-over-year).
- 2011: Revenue of $43K, expenses of $39K, and assets of $994.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Barnabas Ministries Inc:
Data Sources and Methodology
This transparency report for Barnabas Ministries 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.