Bacone Baptist Church

Analysis

Bacone Baptist Church is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in April 1955, 71 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2021, Bacone Baptist Church reported income of $7.9m and spending of $8.8m, spending 112% of what it took in. Across the 3 years on record, from July 2019 to July 2021, income grew from $4.6m to $7.9m (+71%), an average of +31% a year. The sharpest change came in the year to July 2020, when income rose by 102%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bacone Baptist Church sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within OK. Charities of a similar size with the same main cause include Foundation of California State University Monterey Bay ($7.9m), Seattle Area Plumbing & Pipefitting Industry Training Trust ($7.9m) and North Bennet Street School ($7.9m).

On its Form 990 for the period ending July 2021, revenue came from contributions and grants 15% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $339k (3.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $8.3m against liabilities of $2.1m, net assets of $6.1m. It reported 107 employees.