Pilgrim Baptist Church of San Mateo

Analysis

Pilgrim Baptist Church of San Mateo is a registered charity in United States, based in Castro Valley, CA. It received its IRS tax-exemption ruling in April 1955, 71 years ago. 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 December 2023, Pilgrim Baptist Church of San Mateo reported income of $1.1m and spending of $1.2m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+2.1%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pilgrim Baptist Church of San Mateo sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Patronato Benefico Oriental of the United States ($1.1m), Lifeway Center Inc ($1.1m) and Caroles House of Hope Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $361k (31% of expenses). At year end it held assets of $8.2m against liabilities of $3.5m, net assets of $4.7m. It reported 12 employees.