Vermont Avenue Baptist Church Development Corporation

Analysis

Vermont Avenue Baptist Church Development Corporation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Vermont Avenue Baptist Church Development Corporation reported income of $173k and spending of $186k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $195k to $173k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vermont Avenue Baptist Church Development Corporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 27th percentile within DC. Charities of a similar size with the same main cause include Center Foundation ($173k), Christs Kitchen & Food Pantry Inc ($173k) and Beautiful Tomorrow ($173k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $768k against liabilities of $1.1m, net assets of -$328k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.