Free Will Baptist Childrens Home Inc

Analysis

Free Will Baptist Childrens Home Inc is a registered charity in United States, based in Middlesex, NC. It received its IRS tax-exemption ruling in August 1946, 80 years ago. 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 2024, Free Will Baptist Childrens Home Inc reported income of $4.9m and spending of $4.8m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.9m to $4.9m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Free Will Baptist Childrens Home Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Swallow Hill Music Association ($4.9m), Atlanta Concorde Fire Soccer Association Inc ($4.9m) and American Business Immigration Coalition ($4.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $182k (3.8% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $18.2m against liabilities of $1.0m, net assets of $17.2m. It reported 83 employees.