Baptist Missionary Loan Association

Analysis

Baptist Missionary Loan Association is a registered charity in United States, based in Waxahachie, TX. It received its IRS tax-exemption ruling in June 1953, 73 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 December 2023, Baptist Missionary Loan Association reported income of $1.1m and spending of $709k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $555k to $1.1m (+103%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Baptist Missionary Loan Association 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 81st percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Joyful Christian Community Church ($1.1m), Shedry Dar Foundation ($1.1m) and Friends of Casa Bernabe ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $52k (7.4% of expenses). Other salaries and wages came to $57k. At year end it held assets of $17.0m against liabilities of $15.4m, net assets of $1.6m. It reported 3 employees.