Foundation of the First Baptist Church of Mobile

Analysis

Foundation of the First Baptist Church of Mobile is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in March 1985, 41 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 August 2023, Foundation of the First Baptist Church of Mobile reported income of $256k and spending of $222k, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $282k to $256k (-9.1%), an average of -2.4% a year. The sharpest change came in the year to August 2020, when income rose by 191%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation of the First Baptist Church of Mobile sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within AL. Charities of a similar size with the same main cause include Bay Soccer Club Inc ($256k), The Fisherman Sport Fishing Fund Inc ($256k) and Blatinx Internship Inc ($256k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 10% of the total. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.