First Baptist Church Endowment Fund Incorporated

Analysis

First Baptist Church Endowment Fund Incorporated is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 1970, 56 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 December 2023, First Baptist Church Endowment Fund Incorporated reported income of $3.0m and spending of $2.4m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.0m (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 147%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Baptist Church Endowment Fund Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include International Public Management Association for Human Resources ($3.0m), Northshore Food Bank ($3.0m) and Institute for Washingtons Future ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $29.3m against liabilities of $73k, net assets of $29.3m.