Cape Barnabas Inc
Cape Barnabas Inc. faces significant financial challenges with liabilities consistently exceeding assets.
EIN: 141963255 · Anchorage, AK · NTEE: S32 · Updated: 2026-03-28
Is Cape Barnabas Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cape Barnabas Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Cape Barnabas Inc
Cape Barnabas Inc (EIN: 141963255) is a nonprofit organization based in Anchorage, AK, classified under NTEE code S32. The organization reported total revenue of $48K and total assets of $759K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cape Barnabas Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cape Barnabas Inc is a micro nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $58K |
| Total Expenses | $40K |
| Surplus / Deficit | +$18K |
| Total Assets | $832K |
| Total Liabilities | $869K |
| Net Assets | $-36,435 |
| Operating Margin | 31.2% |
| Debt-to-Asset Ratio | 104.4% |
| Months of Reserves | 250.7 months |
Financial Health Grade: A
In 2023, Cape Barnabas Inc reported a surplus of $18K with revenue exceeding expenses, holds 250.7 months of operating reserves (strong position), has a debt-to-asset ratio of 104.4% (high leverage).
Financial Trends
Over 12 years of filings (2010–2023), Cape Barnabas Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.8% | -5.7% | -9.8% |
| 2022 | +39.4% | +89.0% | +253.3% |
| 2021 | +16.8% | -51.5% | +0.1% |
| 2020 | +43.8% | -1.6% | -10.1% |
| 2019 | -22.3% | +34.8% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Cape Barnabas Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Cape Barnabas Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $18K, with revenue exceeding expenses.
- Debt-to-asset ratio: 104.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization, which is positive for directing funds to programs but does not mitigate the overall financial instability.
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 Cape Barnabas Inc's IRS 990 filings:
- Liabilities consistently exceed assets, indicating negative net assets, particularly $868,725 in liabilities against $832,290 in assets in 2023.
- Dramatic increase in liabilities from $0 in 2021 to $868,725 in 2023 without clear explanation.
- Expenses frequently outpace revenue, leading to net losses in multiple periods (e.g., 2020, 2019, 2017).
- Overall financial instability and precarious long-term sustainability.
Strengths
The following positive indicators were identified for Cape Barnabas Inc:
- No officer compensation reported, indicating a volunteer-driven leadership and potential for lower administrative costs.
- Revenue has shown some growth over the past few years, from $18,076 in 2019 to $57,901 in 2023.
Frequently Asked Questions about Cape Barnabas Inc
Is Cape Barnabas Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cape Barnabas Inc (EIN: 141963255) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Cape Barnabas Inc spend its money?
Cape Barnabas Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cape Barnabas Inc tax-deductible?
Cape Barnabas Inc is registered as a tax-exempt nonprofit (EIN: 141963255). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the dramatic increase in liabilities from $0 in 2021 to $868,725 in 2023?
The IRS 990 data does not provide specific details on the nature of these liabilities, but their sudden and substantial appearance is a major concern for the organization's financial health.
How does Cape Barnabas Inc. plan to address its persistent negative net assets?
The filings show a consistent trend of liabilities exceeding assets in recent years, but no strategic plan to rectify this is evident from the provided data.
Is the organization's revenue growth sufficient to cover its increasing expenses and liabilities?
While revenue has grown from $18,076 in 2019 to $57,901 in 2023, expenses have also been high, and the significant liabilities suggest revenue is not sufficient to maintain financial stability.
Filing History
IRS 990 filing history for Cape Barnabas Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), Cape Barnabas Inc's revenue has grown by 12.3%, moving from $52K to $58K. Total assets increased by 114% over the same period, from $389K to $832K. Total functional expenses fell by 23.5%, from $52K to $40K. In its most recent filing year (2023), Cape Barnabas Inc reported a surplus of $18K, with revenue exceeding expenses. The organization holds $869K in liabilities against $832K in assets (debt-to-asset ratio: 104.4%), resulting in net assets of $-36,435.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $58K | $40K | $832K | $869K | — | — |
| 2022 | $42K | $42K | $923K | $967K | — | — |
| 2021 | $30K | $22K | $261K | $0 | — | — |
| 2020 | $26K | $46K | $261K | $0 | — | View 990 |
| 2019 | $18K | $47K | $290K | $0 | — | View 990 |
| 2018 | $23K | $35K | $276K | $598K | — | View 990 |
| 2017 | $20K | $88K | $302K | $612K | — | View 990 |
| 2016 | $25K | $43K | $274K | $517K | — | View 990 |
| 2015 | $25K | $52K | $311K | $543K | — | View 990 |
| 2014 | $38K | $54K | $272K | $478K | — | View 990 |
| 2013 | $2K | $84K | $281K | $475K | — | — |
| 2010 | $52K | $52K | $389K | $480K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $58K, expenses of $40K, and assets of $832K (revenue +36.8% year-over-year).
- 2022: Revenue of $42K, expenses of $42K, and assets of $923K (revenue +39.4% year-over-year).
- 2021: Revenue of $30K, expenses of $22K, and assets of $261K (revenue +16.8% year-over-year).
- 2020: Revenue of $26K, expenses of $46K, and assets of $261K (revenue +43.8% year-over-year).
- 2019: Revenue of $18K, expenses of $47K, and assets of $290K (revenue -22.3% year-over-year).
- 2018: Revenue of $23K, expenses of $35K, and assets of $276K (revenue +15.4% year-over-year).
- 2017: Revenue of $20K, expenses of $88K, and assets of $302K (revenue -18.4% year-over-year).
- 2016: Revenue of $25K, expenses of $43K, and assets of $274K (revenue -1.7% year-over-year).
- 2015: Revenue of $25K, expenses of $52K, and assets of $311K (revenue -34.7% year-over-year).
- 2014: Revenue of $38K, expenses of $54K, and assets of $272K (revenue +1824.9% year-over-year).
- 2013: Revenue of $2K, expenses of $84K, and assets of $281K (revenue -96.1% year-over-year).
- 2010: Revenue of $52K, expenses of $52K, and assets of $389K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cape Barnabas Inc:
Data Sources and Methodology
This transparency report for Cape Barnabas 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.