Timothy Barnabas Inc
Timothy Barnabas Inc. experiences revenue decline and significant asset reduction in latest filing, maintains 0% officer compensation.
EIN: 20544102 · Woodstock, GA · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $897K |
| Total Expenses | $923K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $56K |
| Transparency Score | 75/100 |
Is Timothy Barnabas Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Timothy Barnabas Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Timothy Barnabas Inc
Timothy Barnabas Inc (EIN: 20544102) is a nonprofit organization based in Woodstock, GA, classified under NTEE code B60. The organization reported total revenue of $897K and total assets of $56K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Timothy Barnabas Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Timothy Barnabas Inc is a small nonprofit that has been operating for 24 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 24.3%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $897K |
| Total Expenses | $923K |
| Surplus / Deficit | $-26,332 |
| Total Assets | $56K |
| Total Liabilities | $98 |
| Net Assets | $56K |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 0.7 months |
Financial Health Grade: C
In 2018, Timothy Barnabas Inc reported a deficit of $26K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2018), Timothy Barnabas Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -22.6% | -19.1% | -74.9% |
| 2017 | -0.5% | -5.0% | +7.1% |
| 2016 | +26.5% | +33.9% | -26.4% |
| 2015 | +13.5% | +10.6% | +53.5% |
| 2014 | +10.4% | +15.2% | -17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2002 |
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 Timothy Barnabas Inc with a Mission Score of 75 out of 100 (Good). 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, Timothy Barnabas Inc 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization with revenues consistently near $1 million and suggests a volunteer-driven leadership or that compensation is covered by another entity.
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 Timothy Barnabas Inc's IRS 990 filings:
- Significant asset reduction from $222,938 in 2017 to $55,939 in 2018 without clear explanation.
- Expenses ($923,307) exceeded revenue ($896,975) in the latest filing period (201812), indicating a deficit.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes efficiency analysis difficult.
Strengths
The following positive indicators were identified for Timothy Barnabas Inc:
- Consistent history of IRS 990 filings (8 filings), indicating regulatory compliance.
- 0% officer compensation reported across all periods, suggesting efficient use of funds for mission-related activities.
- Revenue consistently around $1 million for several years, indicating a stable funding base.
Frequently Asked Questions about Timothy Barnabas Inc
Is Timothy Barnabas Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Timothy Barnabas Inc (EIN: 20544102) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Timothy Barnabas Inc spend its money?
Timothy Barnabas Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Timothy Barnabas Inc tax-deductible?
Timothy Barnabas Inc is registered as a tax-exempt nonprofit (EIN: 20544102). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Timothy Barnabas Inc CEO make?
Timothy Barnabas Inc's highest-compensated officer earns $1 annually. The organization reported $897K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Timothy Barnabas Inc's spending goes to programs?
Timothy Barnabas Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Timothy Barnabas Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Timothy Barnabas Inc is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Timothy Barnabas Inc located?
Timothy Barnabas Inc is headquartered in Woodstock, Georgia and files with the IRS under EIN 20544102. It is classified under NTEE code B60.
How many years of IRS 990 filings does Timothy Barnabas Inc have?
Timothy Barnabas Inc has 8 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 $897K in total revenue.
Why did Timothy Barnabas Inc.'s assets decrease from $222,938 in 2017 to $55,939 in 2018?
The provided data does not specify the reason for the significant asset reduction. This would require reviewing the full IRS Form 990 for the 2018 period, specifically Schedule D (Supplemental Financial Statements) or the Statement of Functional Expenses, to understand asset dispositions or reclassifications.
What is the detailed breakdown of program, administrative, and fundraising expenses for Timothy Barnabas Inc.?
The provided summary data does not include a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is typically found in Part IX, Statement of Functional Expenses, of the IRS Form 990.
How does Timothy Barnabas Inc. sustain its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, compensated through a related entity not disclosed in these summary figures, or that the organization operates with a very lean, non-salaried leadership structure. This is a notable characteristic for an organization of its size.
Filing History
IRS 990 filing history for Timothy Barnabas Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Timothy Barnabas Inc's revenue has grown by 357.4%, moving from $196K to $897K. Total assets decreased by 66.9% over the same period, from $169K to $56K. Total functional expenses rose by 298.5%, from $232K to $923K. In its most recent filing year (2018), Timothy Barnabas Inc reported a deficit of $26K, with expenses exceeding revenue. The organization holds $98 in liabilities against $56K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $56K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $897K | $923K | $56K | $98 | — | View 990 |
| 2017 | $1.2M | $1.1M | $223K | $55K | — | — |
| 2016 | $1.2M | $1.2M | $208K | $61K | — | View 990 |
| 2015 | $920K | $898K | $283K | $98K | — | View 990 |
| 2014 | $811K | $812K | $184K | $8K | — | View 990 |
| 2013 | $734K | $705K | $222K | $0 | — | View 990 |
| 2012 | $472K | $447K | $193K | $0 | — | View 990 |
| 2011 | $196K | $232K | $169K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $897K, expenses of $923K, and assets of $56K (revenue -22.6% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $223K (revenue -0.5% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $208K (revenue +26.5% year-over-year).
- 2015: Revenue of $920K, expenses of $898K, and assets of $283K (revenue +13.5% year-over-year).
- 2014: Revenue of $811K, expenses of $812K, and assets of $184K (revenue +10.4% year-over-year).
- 2013: Revenue of $734K, expenses of $705K, and assets of $222K (revenue +55.6% year-over-year).
- 2012: Revenue of $472K, expenses of $447K, and assets of $193K (revenue +140.5% year-over-year).
- 2011: Revenue of $196K, expenses of $232K, and assets of $169K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Timothy Barnabas Inc:
Data Sources and Methodology
This transparency report for Timothy 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.