Second Baptist Community Development Corporation

Analysis

Second Baptist Community Development Corporation is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Second Baptist Community Development Corporation reported income of $337k and spending of $354k, spending 105% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $216k to $337k (+57%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Baptist Community Development Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within SC. Charities of a similar size with the same main cause include Massachusetts Climate Action Network ($337k), Second Stork ($337k) and Full Circle Foundation Inc ($337k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $48k (14% of expenses). At year end it held assets of $2.1m against liabilities of $1.1m, net assets of $998k.