Barnabas Network
Barnabas Network maintains strong assets and zero reported officer compensation amidst fluctuating annual revenues.
EIN: 204533345 · Greensboro, NC · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $972K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.3M |
| Transparency Score | 88/100 |
Is Barnabas Network Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Barnabas Network directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Barnabas Network
Barnabas Network (EIN: 204533345) is a nonprofit organization based in Greensboro, NC, classified under NTEE code P40. The organization reported total revenue of $1.1M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Barnabas Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Barnabas Network is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $870K |
| Total Expenses | $972K |
| Surplus / Deficit | $-101,563 |
| Total Assets | $1.3M |
| Total Liabilities | $30K |
| Net Assets | $1.3M |
| Operating Margin | -11.7% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 16.3 months |
Financial Health Grade: B
In 2023, Barnabas Network reported a deficit of $102K with expenses exceeding revenue, holds 16.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Barnabas Network's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.1% | +27.0% | -7.3% |
| 2022 | +57.7% | +13.6% | +33.5% |
| 2021 | +24.3% | +8.2% | -2.8% |
| 2020 | -2.7% | -3.3% | -2.0% |
| 2019 | -34.1% | +19.6% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Network with a Mission Score of 88 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, Barnabas Network 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 $102K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
Barnabas Network consistently reports 0% officer compensation across all 13 available filings, indicating that executive leadership is either unpaid or compensated through non-officer categories, which is highly unusual for an organization with over $1 million in assets and 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 Barnabas Network's IRS 990 filings:
- Annual expenses exceeded revenue in 2023 ($971,760 vs $870,197), indicating an operating deficit for that year.
- Consistent 0% officer compensation is unusual for an organization of this size and could warrant further investigation into how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Barnabas Network:
- Strong asset growth over the past decade, from $271,942 in 2014 to $1,318,818 in 2023.
- Consistently low liabilities, with the highest reported at $71,007 in 2020, indicating minimal debt burden.
- Consistent reporting of 0% officer compensation, suggesting high efficiency in leadership costs.
- Long history of IRS 990 filings (13 periods), demonstrating commitment to transparency and compliance.
Frequently Asked Questions about Barnabas Network
Is Barnabas Network a legitimate charity?
Based on AI analysis of IRS 990 filings, Barnabas Network (EIN: 204533345) some concerns. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
How does Barnabas Network spend its money?
Barnabas Network directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Barnabas Network tax-deductible?
Barnabas Network is registered as a tax-exempt nonprofit (EIN: 204533345). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Barnabas Network CEO make?
Barnabas Network's highest-compensated officer earns $1 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Barnabas Network's spending goes to programs?
Barnabas Network directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Barnabas Network compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Barnabas Network is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Barnabas Network located?
Barnabas Network is headquartered in Greensboro, North Carolina and files with the IRS under EIN 204533345. It is classified under NTEE code P40.
How many years of IRS 990 filings does Barnabas Network have?
Barnabas Network has 13 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 $1.1M in total revenue.
Is Barnabas Network financially stable?
Yes, Barnabas Network appears financially stable. While there was a deficit in 2023 (Expenses $971,760 > Revenue $870,197), the organization has a strong asset base of $1,318,818 and low liabilities of $30,140 as of 2023, indicating a healthy balance sheet. Revenue has fluctuated but generally remained robust over the past decade.
How does Barnabas Network manage executive compensation?
Barnabas Network consistently reports 0% officer compensation in all available IRS 990 filings. This suggests that the organization's officers are either volunteers or compensated in a manner not classified as officer compensation, which is a significant factor in its operational efficiency.
Has Barnabas Network's financial health improved over time?
Yes, the organization's assets have shown significant growth, increasing from $271,942 in 2014 to $1,318,818 in 2023, indicating improved financial health and capacity over the long term. Liabilities have remained consistently low.
Filing History
IRS 990 filing history for Barnabas Network showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Barnabas Network's revenue has grown by 105.4%, moving from $424K to $870K. Total assets increased by 363.2% over the same period, from $285K to $1.3M. Total functional expenses rose by 177.7%, from $350K to $972K. In its most recent filing year (2023), Barnabas Network reported a deficit of $102K, with expenses exceeding revenue. The organization holds $30K in liabilities against $1.3M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $870K | $972K | $1.3M | $30K | — | — |
| 2022 | $1.1M | $765K | $1.4M | $33K | — | View 990 |
| 2021 | $700K | $673K | $1.1M | $14K | — | View 990 |
| 2020 | $563K | $622K | $1.1M | $71K | — | — |
| 2019 | $578K | $643K | $1.1M | $34K | — | View 990 |
| 2018 | $877K | $538K | $1.2M | $17K | — | View 990 |
| 2017 | $549K | $535K | $853K | $42K | — | — |
| 2016 | $1.2M | $640K | $773K | $29K | — | View 990 |
| 2015 | $576K | $610K | $236K | $26K | — | View 990 |
| 2014 | $545K | $542K | $272K | $27K | — | View 990 |
| 2013 | $474K | $467K | $258K | $16K | — | View 990 |
| 2012 | $428K | $460K | $244K | $9K | — | View 990 |
| 2011 | $424K | $350K | $285K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $870K, expenses of $972K, and assets of $1.3M (revenue -21.1% year-over-year).
- 2022: Revenue of $1.1M, expenses of $765K, and assets of $1.4M (revenue +57.7% year-over-year).
- 2021: Revenue of $700K, expenses of $673K, and assets of $1.1M (revenue +24.3% year-over-year).
- 2020: Revenue of $563K, expenses of $622K, and assets of $1.1M (revenue -2.7% year-over-year).
- 2019: Revenue of $578K, expenses of $643K, and assets of $1.1M (revenue -34.1% year-over-year).
- 2018: Revenue of $877K, expenses of $538K, and assets of $1.2M (revenue +59.6% year-over-year).
- 2017: Revenue of $549K, expenses of $535K, and assets of $853K (revenue -53.2% year-over-year).
- 2016: Revenue of $1.2M, expenses of $640K, and assets of $773K (revenue +103.7% year-over-year).
- 2015: Revenue of $576K, expenses of $610K, and assets of $236K (revenue +5.6% year-over-year).
- 2014: Revenue of $545K, expenses of $542K, and assets of $272K (revenue +15.1% year-over-year).
- 2013: Revenue of $474K, expenses of $467K, and assets of $258K (revenue +10.8% year-over-year).
- 2012: Revenue of $428K, expenses of $460K, and assets of $244K (revenue +0.9% year-over-year).
- 2011: Revenue of $424K, expenses of $350K, and assets of $285K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Barnabas Network:
Data Sources and Methodology
This transparency report for Barnabas Network 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.