Grace Chinese Baptist Church Inc

Analysis

Grace Chinese Baptist Church Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2010, 16 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 2022, Grace Chinese Baptist Church Inc reported income of $178k and spending of $142k, leaving 20% of income unspent that year. Across the 3 years on record, from December 2019 to December 2022, income fell from $213k to $178k (-16%), an average of -8.5% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grace Chinese Baptist Church Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Long Island Torah Network Inc ($178k), St Grace Old Catholic Church Inc ($178k) and Feed My Lambs International Inc ($178k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 98% of the total. At year end it held assets of $121k against liabilities of $31k, net assets of $89k.