Solid Rock Baptist Church

Analysis

Solid Rock Baptist Church is a registered charity in United States, based in Irvington, NJ. It received its IRS tax-exemption ruling in February 2012, 14 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, Solid Rock Baptist Church reported income of $212k and spending of $240k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $231k to $212k (-8.1%), an average of -2.1% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Solid Rock Baptist Church sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Kavod Vnichum ($212k), Kusalakari Corp ($212k) and Emmaus Global Missions ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $13k (5.4% of expenses). At year end it held assets of $699k against liabilities of $245k, net assets of $455k.

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.