ST BARNABAS CHARITIES INC
Mission Statement
Building upon its heritage, St. Barnabas continues to reach out to those in need. St. Barnabas lives out its mission through individual services which provide for the health, education and social needs of others. Among the health care needs given emphasis by our system are primary care services, long-term care services for the economically poor with chronic diseases or disabilities, residential services for the elderly, and home care and companion services for the home bound. Nearly 118 years ago, St. Barnabas opened its doors to care for the ill and disadvantaged individuals that could not care for themselves. Each year more than $7 million in care is provided for hundreds of needy patients.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
58.0% | 84.8% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
42.0% | 10.9% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 12.6% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
464.9 mo | 13.1 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
9.9% | 1.3% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
64.7% | 93.7% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
13.3% | 7.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
1.8% | 7.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
68.9% | 3.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.7M | $830K | $32.2M | 58.0% | 9 |
| 2023 | $2.4M | $816K | $28.5M | 59.6% | 8 |
| 2022 | $1.6M | $1.4M | $25.4M | 25.9% | 9 |
| 2021 | $2.4M | $1.5M | N/A | — | 0 |
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