Gethsemane Baptist Church Inc

Analysis

Gethsemane Baptist Church Inc is a registered charity in United States, based in Bloomfield, CT. It received its IRS tax-exemption ruling in April 1955, 71 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, Gethsemane Baptist Church Inc reported income of $213k and spending of $242k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $231k to $213k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gethsemane Baptist Church Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within CT. Charities of a similar size with the same main cause include Paul L Jehle Trust ($213k), Metropolitan Housing Development Corporation ($213k) and Mary Breckinridge Housing Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $66k (27% of expenses). Other salaries and wages came to $54k. At year end it held assets of $872k against liabilities of $118k, net assets of $754k. It reported 2 employees.