First Church of United Brethren in Christ

Analysis

First Church of United Brethren in Christ is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 1993, 33 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 Church of United Brethren in Christ reported income of $277k and spending of $279k, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $194k to $277k (+43%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Church of United Brethren in Christ sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Solo Swim Club ($277k), Cedarburg Lions Club Foundation Inc ($277k) and Eastern Sierra Arts Alliance ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $29k (10% of expenses). At year end it held assets of $1.4m against liabilities of $521k, net assets of $847k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.