First Rock Baptist Church Foundation Incorporated

Analysis

First Rock Baptist Church Foundation Incorporated is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, First Rock Baptist Church Foundation Incorporated reported income of $82k and spending of $0, leaving 100% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $12k to $82k (+590%), an average of +90% a year. The sharpest change came in the year to December 2020, when income rose by 568%. Over the whole period it spent 1.5% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First Rock Baptist Church Foundation Incorporated sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 16th percentile within DC. Charities of a similar size with the same main cause include Yonkers Community Housing Development Organization Inc ($82k), Arrowhead Place Apartments Inc ($82k) and Rose-Arc Housing Inc ($82k).

At year end it held assets of $1.7m against liabilities of $300k, net assets of $1.4m.