Associated Baptist Press Foundation Inc

Analysis

Associated Baptist Press Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Associated Baptist Press Foundation Inc reported income of $246k and spending of $272k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1,136 to $246k (+21540%), an average of +500% a year. The sharpest change came in the year to December 2020, when income rose by 21682%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Associated Baptist Press Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Compass Rose Studio Theater ($246k), Dance Augusta Inc ($246k) and American Flight Museum Inc ($246k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $5.1m against liabilities of $0, net assets of $5.1m.