Francis M Barnes Charitable Tr
Francis M Barnes Charitable Tr maintains strong asset base with minimal liabilities and no officer compensation.
EIN: 201533061 · Williamston, NC · NTEE: T22 · Updated: 2026-03-28
Is Francis M Barnes Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Francis M Barnes Charitable Tr directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Francis M Barnes Charitable Tr
Francis M Barnes Charitable Tr (EIN: 201533061) is a nonprofit organization based in Williamston, NC, classified under NTEE code T22. The organization reported total revenue of $1.5M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Francis M Barnes Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Francis M Barnes Charitable Tr is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $172K |
| Total Expenses | $129K |
| Surplus / Deficit | +$42K |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | 24.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 157.6 months |
Financial Health Grade: A
In 2024, Francis M Barnes Charitable Tr reported a surplus of $42K with revenue exceeding expenses, holds 157.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Francis M Barnes Charitable Tr's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +392.9% | -8.4% | +2.5% |
| 2023 | -74.7% | +27.4% | -6.0% |
| 2022 | +2.5% | -26.1% | +1.5% |
| 2021 | -48.6% | +31.9% | -0.9% |
| 2020 | +1124.9% | +8.5% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Francis M Barnes Charitable Tr 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Francis M Barnes Charitable Tr allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $42K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly favorable for donor funds being directed towards the mission.
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 Francis M Barnes Charitable Tr's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin) in provided data
- Revenue volatility, with significant fluctuations year-to-year
Strengths
The following positive indicators were identified for Francis M Barnes Charitable Tr:
- Strong and consistent asset base (over $1.6 million)
- Extremely low liabilities (consistently $1)
- 0% officer compensation reported across all filings
- Consistent IRS 990 filing history (10 filings)
Frequently Asked Questions about Francis M Barnes Charitable Tr
Is Francis M Barnes Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Francis M Barnes Charitable Tr (EIN: 201533061) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Francis M Barnes Charitable Tr spend its money?
Francis M Barnes Charitable Tr directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Francis M Barnes Charitable Tr tax-deductible?
Francis M Barnes Charitable Tr is registered as a tax-exempt nonprofit (EIN: 201533061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant revenue increase to $1,470,739 in the latest period?
The IRS 990 filings show a substantial jump in revenue to $1,470,739 in the latest period, compared to typical annual revenues ranging from $21,356 to $261,589. This could be due to a large donation, investment gains, or a significant asset sale, and understanding its source is crucial for assessing future financial stability and impact.
How does the trust manage to operate with expenses sometimes exceeding revenue?
In several periods, such as 202306 and 202106, expenses exceeded revenue. Given the substantial asset base (consistently over $1.6 million), the trust likely covers these deficits by drawing from its principal or accumulated investment income, which is a sustainable practice for an endowment-based charitable trust.
What specific programs or grants does the Francis M Barnes Charitable Tr support?
As a charitable trust (NTEE Code T22), its primary activity is typically grant-making. The 990 filings indicate expenses, but without a detailed breakdown, it's unclear which specific programs or organizations are beneficiaries of its distributions.
Filing History
IRS 990 filing history for Francis M Barnes Charitable Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Francis M Barnes Charitable Tr's revenue has grown by 159.2%, moving from $66K to $172K. Total assets decreased by 5% over the same period, from $1.8M to $1.7M. Total functional expenses rose by 3%, from $126K to $129K. In its most recent filing year (2024), Francis M Barnes Charitable Tr reported a surplus of $42K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $172K | $129K | $1.7M | $1 | — | — |
| 2023 | $35K | $141K | $1.7M | $1 | — | View 990 |
| 2022 | $138K | $111K | $1.8M | $1 | — | View 990 |
| 2021 | $134K | $150K | $1.7M | $1 | — | View 990 |
| 2020 | $262K | $114K | $1.8M | $1 | — | View 990 |
| 2016 | $21K | $105K | $1.7M | $1 | — | View 990 |
| 2015 | $92K | $107K | $1.8M | $1 | — | View 990 |
| 2014 | $142K | $113K | $1.8M | $1 | — | View 990 |
| 2013 | $101K | $108K | $1.8M | $1 | — | View 990 |
| 2012 | $66K | $126K | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $172K, expenses of $129K, and assets of $1.7M (revenue +392.9% year-over-year).
- 2023: Revenue of $35K, expenses of $141K, and assets of $1.7M (revenue -74.7% year-over-year).
- 2022: Revenue of $138K, expenses of $111K, and assets of $1.8M (revenue +2.5% year-over-year).
- 2021: Revenue of $134K, expenses of $150K, and assets of $1.7M (revenue -48.6% year-over-year).
- 2020: Revenue of $262K, expenses of $114K, and assets of $1.8M (revenue +1124.9% year-over-year).
- 2016: Revenue of $21K, expenses of $105K, and assets of $1.7M (revenue -76.9% year-over-year).
- 2015: Revenue of $92K, expenses of $107K, and assets of $1.8M (revenue -34.7% year-over-year).
- 2014: Revenue of $142K, expenses of $113K, and assets of $1.8M (revenue +40.4% year-over-year).
- 2013: Revenue of $101K, expenses of $108K, and assets of $1.8M (revenue +52.2% year-over-year).
- 2012: Revenue of $66K, expenses of $126K, and assets of $1.8M.
Data Sources and Methodology
This transparency report for Francis M Barnes Charitable Tr 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.