Baptist Foundation of New England Inc

Analysis

Baptist Foundation of New England Inc is a registered charity in United States, based in Northborough, MA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Baptist Foundation of New England Inc reported income of $587k and spending of $142k, leaving 76% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $89k to $587k (+561%), an average of +157% a year. The sharpest change came in the year to December 2020, when income rose by 517%. Over the whole period it spent 35% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Baptist Foundation of New England Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Fulton Plaza Housing Development Fund Corporation ($587k), Twin County United Way Inc ($587k) and Lower Muscogee Creek Tribe East of the Mississippi Inc ($587k).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 54% of the total. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.