Beraca Baptist Church

Analysis

Beraca Baptist Church is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 1972, 54 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending December 2023, Beraca Baptist Church reported income of $1.1m and spending of $1.2m, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.1m (+1.5%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 17%. 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, Beraca Baptist Church sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Edwards County Council on Aging ($1.1m), Stuckey Family Interfaith Child Dev Center ($1.1m) and Illinois Scottish Rite Fund ($1.1m).

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 $230k (20% of expenses). Other salaries and wages came to $126k. At year end it held assets of $276k against liabilities of $76k, net assets of $200k. It reported 6 employees.