Alabama Baptist Inc

Analysis

Alabama Baptist Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in December 1977, 49 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, Alabama Baptist Inc reported income of $2.0m and spending of $2.8m, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $2.0m (-16%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alabama Baptist Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within AL. Charities of a similar size with the same main cause include DC Policy Center ($2.0m), Park Ridge Child Care Center Inc ($2.0m) and Ronald McDonald House Charities Detroit ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $157k (5.5% of expenses). Other salaries and wages came to $810k. At year end it held assets of $5.0m against liabilities of $358k, net assets of $4.6m. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.