Elon First Baptist Church

Analysis

Elon First Baptist Church is a registered charity in United States, based in Elon, NC. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elon First Baptist Church reported income of $458k and spending of $461k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $439k to $458k (+4.4%), an average of +2.2% a year. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Elon First Baptist Church sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Mission Talk Inc ($458k), Bodhisattva Wish Temple Inc ($458k) and Paul Logan Ministries ($458k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (18% of expenses). Other salaries and wages came to $70k. At year end it held assets of $195k against liabilities of $4,466, net assets of $191k. It reported 4 employees.