First Baptist Church Foundation

Analysis

First Baptist Church Foundation is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in May 2025. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2020, First Baptist Church Foundation reported income of $744k and spending of $2.0m, spending 271% of what it took in. Across the 2 years on record, from May 2019 to May 2020, income fell from $2.5m to $744k (-70%), an average of -70% a year. The sharpest change came in the year to May 2020, when income dropped by 70%. Over the whole period it spent 134% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, First Baptist Church Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within SC. Charities of a similar size with the same main cause include Theology of the Body Evangelization Team ($743k), Street Life Ministries ($744k) and Kerala Hindus of North America Inc ($743k).

On its Form 990 for the period ending May 2020, revenue came from contributions and grants 12% of the total. At year end it held assets of $17.8m against liabilities of $539, net assets of $17.8m.