First Baptist Cares Inc

Analysis

First Baptist Cares Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First Baptist Cares Inc reported income of $223k and spending of $332k, spending 149% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $197k to $223k (+13%), an average of +13% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Baptist Cares Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Multi-Cultural Resource Center for Children & Families Inc ($223k), A Place to Belong ($223k) and Hillsborough Auxiliary to Peninsula Family Service ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $54k against liabilities of $1,872, net assets of $52k.