First Baptist Church Foundation TR 080120

Analysis

First Baptist Church Foundation TR 080120 is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in October 1989, 37 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 Baptist Church Foundation TR 080120 reported income of $162k and spending of $182k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $202k to $162k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Baptist Church Foundation TR 080120 sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within WI. Charities of a similar size with the same main cause include Foundation of Lancaster Chamber ($162k), Hibbing Parents Nursery School Inc ($162k) and Community Reinvestment Foundation XV Inc ($162k).

At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.