Baptist Church Loan Corporation

Analysis

Baptist Church Loan Corporation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1959, 67 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Baptist Church Loan Corporation reported income of $6.4m and spending of $3.8m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.7m to $6.4m (-16%), an average of -4.4% a year. The sharpest change came in the year to June 2021, when income dropped by 16%. Over the whole period it spent 60% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Baptist Church Loan Corporation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Avant Garde Academy Inc ($6.4m), Chicago Rabbinical Council Inc ($6.4m) and Accrediting Bureau of Health Education Schools Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $788k (21% of expenses). Other salaries and wages came to $521k. At year end it held assets of $168.0m against liabilities of $47.1m, net assets of $120.9m. It reported 11 employees.