First Baptist Church of Covington Foundation Inc

Analysis

First Baptist Church of Covington Foundation Inc is a registered charity in United States, based in Covington, TX. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First Baptist Church of Covington Foundation Inc reported income of $382k and spending of $291k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $305k to $382k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, First Baptist Church of Covington Foundation Inc 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 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Jim Ryun Ministries Inc ($382k), Open Door C O G I C ($382k) and Revival Now International Inc ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $729k against liabilities of $131, net assets of $729k.