Progressive Baptist Church Housing Foundation Inc

Analysis

Progressive Baptist Church Housing Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 1979, 47 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Progressive Baptist Church Housing Foundation Inc reported income of $2.5m and spending of $2.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $41k to $2.5m (+5828%), an average of +178% a year. The sharpest change came in the year to December 2021, when income rose by 1156%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Progressive Baptist Church Housing Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Tallahassee Lenders Consortium Inc ($2.5m), Texas Inter-Faith Management Corporation ($2.5m) and Westside Jewish Center Apartments ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Other salaries and wages came to $594k. At year end it held assets of $5.5m against liabilities of $4.7m, net assets of $763k. It reported 15 employees.