Baptist Standard Publishing Co

Analysis

Baptist Standard Publishing Co is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in October 1939, 87 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Baptist Standard Publishing Co reported income of $827k and spending of $547k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $764k to $827k (+8.1%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Baptist Standard Publishing Co sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Far-Flung Tin Can ($827k), Masjid Ibrahim ($827k) and Calvary Christian Assembly Inc ($826k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $141k (26% of expenses). Other salaries and wages came to $174k. At year end it held assets of $8.1m against liabilities of $565k, net assets of $7.5m. It reported 5 employees.