Newbridge Baptist Church Endowment Fund Inc

Analysis

Newbridge Baptist Church Endowment Fund Inc is a registered charity in United States, based in Mechanicsvlle, VA. It received its IRS tax-exemption ruling in May 1977, 49 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 August 2023, Newbridge Baptist Church Endowment Fund Inc reported income of $63k and spending of $35k, leaving 44% of income unspent that year. Across the 3 years on record, from August 2021 to August 2023, income fell from $160k to $63k (-61%), an average of -37% a year. The sharpest change came in the year to August 2023, when income rose by 510%. Over the whole period it spent 16% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newbridge Baptist Church Endowment Fund Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within VA. Charities of a similar size with the same main cause include Friends of the Ipswich Elderly Inc ($63k), Country Ark Farms Inc ($63k) and Becky David Parent Teacher Organization ($63k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $806k against liabilities of $0, net assets of $806k.