Harry F Barnes And Carol H Barnes Ffamily Foundation Inc
Harry F Barnes And Carol H Barnes Family Foundation Inc consistently grows assets with zero reported officer compensation.
EIN: 208718203 · Bristol, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $806K |
| Total Expenses | $334K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.8M |
| Transparency Score | 90/100 |
Is Harry F Barnes And Carol H Barnes Ffamily Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harry F Barnes And Carol H Barnes Ffamily Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harry F Barnes And Carol H Barnes Ffamily Foundation Inc
Harry F Barnes And Carol H Barnes Ffamily Foundation Inc (EIN: 208718203) is a nonprofit organization based in Bristol, CT, classified under NTEE code T20. The organization reported total revenue of $806K and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harry F Barnes And Carol H Barnes Ffamily Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harry F Barnes And Carol H Barnes Ffamily Foundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $515K |
| Total Expenses | $334K |
| Surplus / Deficit | +$181K |
| Total Assets | $5.8M |
| Total Liabilities | $1 |
| Net Assets | $5.8M |
| Operating Margin | 35.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 206.8 months |
Financial Health Grade: A
In 2023, Harry F Barnes And Carol H Barnes Ffamily Foundation Inc reported a surplus of $181K with revenue exceeding expenses, holds 206.8 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 (2011–2023), Harry F Barnes And Carol H Barnes Ffamily Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.4% | -21.1% | +3.2% |
| 2022 | -7.5% | +13.3% | +3.6% |
| 2021 | +6.9% | +1.6% | +5.7% |
| 2020 | -25.2% | +9.1% | +5.3% |
| 2019 | +4.3% | +12.3% | +31.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Harry F Barnes And Carol H Barnes Ffamily Foundation Inc with a Mission Score of 90 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: 90%
- fundraising: 0%
According to IRS 990 filings, Harry F Barnes And Carol H Barnes Ffamily Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $181K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer channels, which is highly favorable for a foundation of this size with assets exceeding $5 million.
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.
Strengths
The following positive indicators were identified for Harry F Barnes And Carol H Barnes Ffamily Foundation Inc:
- Consistent asset growth (from $2.1M in 2011 to $5.76M in 2023)
- Minimal liabilities ($1 reported across all filings)
- 0% reported officer compensation, indicating high efficiency and dedication
- Expenses consistently lower than revenue, allowing for financial stability and growth
- Long history of consistent IRS 990 filings (10 filings)
Frequently Asked Questions about Harry F Barnes And Carol H Barnes Ffamily Foundation Inc
Is Harry F Barnes And Carol H Barnes Ffamily Foundation Inc a legitimate charity?
Harry F Barnes And Carol H Barnes Ffamily Foundation Inc (EIN: 208718203) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $806K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Harry F Barnes And Carol H Barnes Ffamily Foundation Inc spend its money?
Harry F Barnes And Carol H Barnes Ffamily Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Harry F Barnes And Carol H Barnes Ffamily Foundation Inc tax-deductible?
Harry F Barnes And Carol H Barnes Ffamily Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208718203). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harry F Barnes And Carol H Barnes Ffamily Foundation Inc CEO make?
Harry F Barnes And Carol H Barnes Ffamily Foundation Inc's highest-compensated officer earns $5 annually. The organization reported $806K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Harry F Barnes And Carol H Barnes Ffamily Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Harry F Barnes And Carol H Barnes Ffamily Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harry F Barnes And Carol H Barnes Ffamily Foundation Inc located?
Harry F Barnes And Carol H Barnes Ffamily Foundation Inc is headquartered in Bristol, Connecticut and files with the IRS under EIN 208718203. It is classified under NTEE code T20.
How many years of IRS 990 filings does Harry F Barnes And Carol H Barnes Ffamily Foundation Inc have?
Harry F Barnes And Carol H Barnes Ffamily Foundation Inc has 10 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 $806K in total revenue.
Is Harry F Barnes And Carol H Barnes Family Foundation Inc a good charity?
Based on the available IRS 990 data, the foundation appears to be a very good charity. It demonstrates strong financial health with growing assets ($5.76M in 2023), minimal liabilities ($1), and a consistent history of spending less than its revenue. Crucially, it reports 0% officer compensation, indicating a high level of dedication and efficiency in resource allocation.
How has the foundation's asset base changed over time?
The foundation's assets have shown consistent and significant growth, increasing from $2,117,787 in 2011 to $5,761,729 in 2023, demonstrating strong financial management and accumulation of resources.
What is the trend in revenue and expenses?
Revenue has fluctuated, peaking at $832,726 in 2019 and most recently at $514,888 in 2023. Expenses have consistently been lower than revenue, ranging from $116,762 in 2011 to $334,294 in 2023, allowing for continuous asset growth.
Does the foundation have significant debt?
No, the foundation consistently reports liabilities of only $1 across all available filings, indicating virtually no debt and a very strong financial position.
Filing History
IRS 990 filing history for Harry F Barnes And Carol H Barnes Ffamily Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Harry F Barnes And Carol H Barnes Ffamily Foundation Inc's revenue has grown by 0.1%, moving from $514K to $515K. Total assets increased by 172.1% over the same period, from $2.1M to $5.8M. Total functional expenses rose by 186.3%, from $117K to $334K. In its most recent filing year (2023), Harry F Barnes And Carol H Barnes Ffamily Foundation Inc reported a surplus of $181K, with revenue exceeding expenses. The organization holds $1 in liabilities against $5.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $515K | $334K | $5.8M | $1 | — | View 990 |
| 2022 | $616K | $424K | $5.6M | $1 | — | View 990 |
| 2021 | $666K | $374K | $5.4M | $1 | — | View 990 |
| 2020 | $623K | $368K | $5.1M | $1 | — | View 990 |
| 2019 | $833K | $338K | $4.8M | $1 | — | View 990 |
| 2015 | $798K | $301K | $3.7M | $1 | — | View 990 |
| 2014 | $604K | $279K | $3.2M | $1 | — | View 990 |
| 2013 | $581K | $189K | $2.9M | $1 | — | View 990 |
| 2012 | $527K | $171K | $2.5M | $1 | — | View 990 |
| 2011 | $514K | $117K | $2.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $515K, expenses of $334K, and assets of $5.8M (revenue -16.4% year-over-year).
- 2022: Revenue of $616K, expenses of $424K, and assets of $5.6M (revenue -7.5% year-over-year).
- 2021: Revenue of $666K, expenses of $374K, and assets of $5.4M (revenue +6.9% year-over-year).
- 2020: Revenue of $623K, expenses of $368K, and assets of $5.1M (revenue -25.2% year-over-year).
- 2019: Revenue of $833K, expenses of $338K, and assets of $4.8M (revenue +4.3% year-over-year).
- 2015: Revenue of $798K, expenses of $301K, and assets of $3.7M (revenue +32.1% year-over-year).
- 2014: Revenue of $604K, expenses of $279K, and assets of $3.2M (revenue +4.1% year-over-year).
- 2013: Revenue of $581K, expenses of $189K, and assets of $2.9M (revenue +10.2% year-over-year).
- 2012: Revenue of $527K, expenses of $171K, and assets of $2.5M (revenue +2.4% year-over-year).
- 2011: Revenue of $514K, expenses of $117K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harry F Barnes And Carol H Barnes Ffamily Foundation Inc:
Data Sources and Methodology
This transparency report for Harry F Barnes And Carol H Barnes Ffamily 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.