Cape Fear Network of Baptist Churches

Analysis

Cape Fear Network of Baptist Churches is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in January 1970, 56 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cape Fear Network of Baptist Churches reported income of $197k and spending of $173k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $181k to $197k (+8.4%), an average of +2.0% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cape Fear Network of Baptist Churches sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Illinois Pirg Education Fund ($197k), Steepleview Housing Development Fund Company Inc ($197k) and Southern Finance Association ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Other salaries and wages came to $101k. At year end it held assets of $2.4m against liabilities of $236k, net assets of $2.1m. It reported 3 employees.