Lott Carey Baptist Foreign Mission Society Inc

Analysis

Lott Carey Baptist Foreign Mission Society Inc is a registered charity in United States, based in Landover, MD. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Lott Carey Baptist Foreign Mission Society Inc reported income of $2.6m and spending of $2.4m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.7m to $2.6m (-44%), an average of -14% a year. The sharpest change came in the year to June 2020, when income dropped by 100%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Lott Carey Baptist Foreign Mission Society Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include American Friends of Jamaica Inc ($2.6m), Childrens Shelter of Cebu ($2.6m) and Junior Achievement of the Heartland ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Other salaries and wages came to $404k. At year end it held assets of $2.7m against liabilities of $314k, net assets of $2.4m. It reported 4 employees.