Chetek Baptist Assembly Inc

Analysis

Chetek Baptist Assembly Inc is a registered charity in United States, based in Chetek, WI. It received its IRS tax-exemption ruling in January 1957, 69 years ago. 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, Chetek Baptist Assembly Inc reported income of $1.2m and spending of $1.0m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.2m (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chetek Baptist Assembly Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($1.2m), The Deep Run Valley Sports Association Inc ($1.2m) and National Institute for Learning Development Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $63k (6.1% of expenses). Other salaries and wages came to $204k. At year end it held assets of $5.0m against liabilities of $34k, net assets of $5.0m. It reported 20 employees.