Independent Fundamental Baptist Assembly

Analysis

Independent Fundamental Baptist Assembly is a registered charity in United States, based in Georgetown, IL. It received its IRS tax-exemption ruling in April 1991, 35 years ago. 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 2023, Independent Fundamental Baptist Assembly reported income of $411k and spending of $354k, spending 86% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $315k to $411k (+30%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Fundamental Baptist Assembly sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Mediation Centers of Hawaii Inc ($411k), Northwest Environmental Defense Center ($411k) and Ms Valley State National Alumni Association Inc ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $53k (15% of expenses). Other salaries and wages came to $30k. At year end it held assets of $552k against liabilities of $15k, net assets of $537k. It reported 27 employees.