Associated Baptist Press

Analysis

Associated Baptist Press is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2022, Associated Baptist Press reported income of $649k and spending of $691k, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $741k to $649k (-12%), an average of -4.3% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Associated Baptist Press sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Jackson Charitable Foundation Inc ($649k), Community Ministries ($649k) and Stegall Seminary Scholarshipendowment Foundation ($649k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 59% and program service revenue 2.6% of the total. Other salaries and wages came to $268k. At year end it held assets of $120k against liabilities of $9,110, net assets of $111k. It reported 3 employees.