Joe Barnhart Foundation
EIN: 384007055 · Houston, TX · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $12.2M |
| Total Expenses | $3.8M |
| Net Assets | $40.9M |
Is Joe Barnhart Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Joe Barnhart Foundation
Joe Barnhart Foundation (EIN: 384007055) is a nonprofit organization based in Houston, TX, classified under NTEE code T20. The organization reported total revenue of $12.2M and total assets of $47.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joe Barnhart Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joe Barnhart Foundation is a large nonprofit that has been operating for 10 years, with 4 years of IRS 990 filings on record (2019–2022). Revenue has grown at a compound annual rate of 17.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-63,298 |
| Total Assets | $44.0M |
| Total Liabilities | $3.1M |
| Net Assets | $40.9M |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 7.0% |
| Months of Reserves | 137.6 months |
Financial Health Grade: B
In 2022, Joe Barnhart Foundation reported a deficit of $63K with expenses exceeding revenue, holds 137.6 months of operating reserves (strong position), has a debt-to-asset ratio of 7.0% (very low leverage).
Financial Trends
Over 4 years of filings (2019–2022), Joe Barnhart Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -61.5% | +31.2% | +0.6% |
| 2021 | +75.9% | -4.8% | +15.1% |
| 2020 | +136.3% | +1.4% | +20.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Joe Barnhart Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joe Barnhart Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $63K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.0%.
Frequently Asked Questions about Joe Barnhart Foundation
Is Joe Barnhart Foundation a legitimate charity?
Joe Barnhart Foundation (EIN: 384007055) is a registered tax-exempt nonprofit based in Texas. It has 4 years of IRS 990 filings on record. Total revenue: $12.2M. No red flags identified. Financial health grade: B.
How does Joe Barnhart Foundation spend its money?
Joe Barnhart Foundation reported $12.2M in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Joe Barnhart Foundation tax-deductible?
Joe Barnhart Foundation is registered as a tax-exempt nonprofit (EIN: 384007055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Joe Barnhart Foundation located?
Joe Barnhart Foundation is headquartered in Houston, Texas and files with the IRS under EIN 384007055. It is classified under NTEE code T20.
How many years of IRS 990 filings does Joe Barnhart Foundation have?
Joe Barnhart Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $12.2M in total revenue.
Filing History
IRS 990 filing history for Joe Barnhart Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2022), Joe Barnhart Foundation's revenue has grown by 60%, moving from $2.4M to $3.8M. Total assets increased by 39.2% over the same period, from $31.6M to $44.0M. Total functional expenses rose by 26.6%, from $3.0M to $3.8M. In its most recent filing year (2022), Joe Barnhart Foundation reported a deficit of $63K, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $44.0M in assets (debt-to-asset ratio: 7.0%), resulting in net assets of $40.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3.8M | $3.8M | $44.0M | $3.1M | — | View 990 |
| 2021 | $9.8M | $2.9M | $43.8M | $2.7M | — | View 990 |
| 2020 | $5.6M | $3.1M | $38.0M | $3.9M | — | View 990 |
| 2019 | $2.4M | $3.0M | $31.6M | $10K | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $3.8M, expenses of $3.8M, and assets of $44.0M (revenue -61.5% year-over-year).
- 2021: Revenue of $9.8M, expenses of $2.9M, and assets of $43.8M (revenue +75.9% year-over-year).
- 2020: Revenue of $5.6M, expenses of $3.1M, and assets of $38.0M (revenue +136.3% year-over-year).
- 2019: Revenue of $2.4M, expenses of $3.0M, and assets of $31.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joe Barnhart Foundation:
Data Sources and Methodology
This transparency report for Joe Barnhart Foundation 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.