Cooperative Baptist Fellowship of Florida Incorporated

Analysis

Cooperative Baptist Fellowship of Florida Incorporated is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 1992, 34 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, Cooperative Baptist Fellowship of Florida Incorporated reported income of $409k and spending of $400k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $972k to $409k (-58%), an average of -25% a year. The sharpest change came in the year to December 2021, when income dropped by 50%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cooperative Baptist Fellowship of Florida Incorporated sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Living Bread Radio ($409k), Central European Christian Education Foundation Inc ($409k) and Torah Lishma Inc ($409k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $93k (23% of expenses). Other salaries and wages came to $11k. At year end it held assets of $1.6m against liabilities of $52k, net assets of $1.6m.