Stoddard Baptist Home

Analysis

Stoddard Baptist Home is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1943, 83 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Stoddard Baptist Home reported income of $13.2m and spending of $15.4m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $17.9m to $13.2m (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stoddard Baptist Home sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 90th percentile within DC. Charities of a similar size with the same main cause include Easter Seals Oregon ($13.2m), Nourish Pierce County ($13.3m) and Missouri Valley Community Action Agency ($13.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $965k (6.3% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $8.4m against liabilities of $8.6m, net assets of -$248k. It reported 132 employees.