First Baptist Foundation Inc

Analysis

First Baptist Foundation Inc is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in December 1974, 52 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 2022, First Baptist Foundation Inc reported income of $221k and spending of $59k, leaving 73% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $268k to $221k (-17%), an average of -6.2% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Baptist Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within GA. Charities of a similar size with the same main cause include Mt Airy Net Inc ($221k), Bisbee Community Y ($221k) and New Hartford Marching Band Parents Inc New Hartford Central H S ($221k).

Compensation of current officers, directors and key employees was $5,667 (9.6% of expenses). At year end it held assets of $5.2m against liabilities of $0, net assets of $5.2m.