Barrels for a Cause Inc

Nonprofit profile at a glance

EIN
844220265
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024
Location
Louisville, KY, USA
Phone
5023770612
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$86,360
Expenses
$86,658
Assets
$502

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • KYLE MCGINTY (PRESIDENT)

People named in this filing

  • KYLE MCGINTY (PRESIDENT)
  • JEREMY NOON (TREASURER)
  • ERIC ROGGE (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization is dedicated to assisting organizations throughout the midwest to fund medical research and pediatric medical services, providing assistance and services to children with special needs and increasing opportunities for students from low-income areas through donation of books, school supplies and other educational resources.

What it reported doing in 2024

Grants made from organization's annual events to lmpd, backside learning center, blessings in a backpack, brightside foundation, Kentucky humane society, national ms society, u of l brown cancer, stuff the bus foundation, youthbuild louisville and tko parkinsons.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 82
  • Sustainability: 28
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.6%; rating input score 93
  • Program expense ratio: 92.2%; rating input score 92

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -0.3%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 0.01; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -16% per year; rating input score 0; 21st percentile among comparable filings
  • Revenue growth: -11.2% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: -68.5% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 92.6% of revenue deployed · 92.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $80K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.