First Rising Mt Zion Baptist Church Housing Corporation Inc

Analysis

First Rising Mt Zion Baptist Church Housing Corporation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First Rising Mt Zion Baptist Church Housing Corporation Inc reported income of $4.6m and spending of $4.9m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $4.6m (+12%), an average of +2.9% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Rising Mt Zion Baptist Church Housing Corporation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 79th percentile within DC. Charities of a similar size with the same main cause include Good Samaritan Hospital Foundation ($4.6m), The Philadelphia Center ($4.6m) and Denver Islamic Education Center ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $24.4m against liabilities of $29.6m, net assets of -$5.3m.

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.