Spirit of Peace Baptist Church

Analysis

Spirit of Peace Baptist Church is a registered charity in United States, based in Capitol HGTS, MD. It received its IRS tax-exemption ruling in April 1955, 71 years ago. 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 2022, Spirit of Peace Baptist Church reported income of $207k and spending of $194k, spending 94% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $133k to $207k (+55%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spirit of Peace Baptist Church sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Higher Eduction Consortium of Central Massachusetts Inc ($207k), Hot Lunch Service ($207k) and Patrick Henry School Boosters Assoc ($207k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $76k. At year end it held assets of $12k against liabilities of $0, net assets of $12k. It reported 5 employees.