First Faith Baptist Church

Analysis

First Faith Baptist Church is a registered charity in United States, based in Saint Albans, NY. It received its IRS tax-exemption ruling in July 1972, 54 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First Faith Baptist Church reported income of $82k and spending of $26k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $90k to $82k (-8.5%), an average of -8.5% a year. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Faith Baptist Church sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include National Society of the Daughters of the American Revolution ($82k), Higher Education Consortium for Special Education ($82k) and Staten Island Technical High School PTA ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.