First Baptist Church Foundation

Analysis

First Baptist Church Foundation is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 reported income of $79k and spending of $44k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $164k to $79k (-52%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 577%. Over the whole period it spent 41% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, First Baptist Church Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 25th percentile within SD. Charities of a similar size with the same main cause include Aquinas Forum ($79k), New Perspective Ministries ($79k) and Weekend Missions Inc ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $2.0m against liabilities of $1, net assets of $2.0m.