First Faith Baptist Church Inc

Analysis

First Faith Baptist Church Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Inc reported income of $84k and spending of $101k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $84k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 116% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, First Faith Baptist Church Inc sits at the 37th percentile: it is larger than about 37% 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 Lighthouse Albania ($84k), Mineral Springs Church of Christ ($84k) and Si on ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.