First United Methodist Church Foundation Inc

Analysis

First United Methodist Church Foundation Inc is a registered charity in United States, based in West Lafayette, IN. It received its IRS tax-exemption ruling in September 1982, 44 years ago. 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 United Methodist Church Foundation Inc reported income of $242k and spending of $239k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $229k to $242k (+5.7%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 637%. Over the whole period it spent 30% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First United Methodist Church Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within IN. Charities of a similar size with the same main cause include Read Aloud West Virginia Inc ($242k), Tabernacle de Gozo Inc ($242k) and Consumer Bankruptcy Assistance Project Inc ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% of the total. At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m.