First Baptist Cares Inc
EIN: 824710069 · Chattanooga, TN · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $117K |
| Total Expenses | $332K |
| Net Assets | $52K |
Is First Baptist Cares Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About First Baptist Cares Inc
First Baptist Cares Inc (EIN: 824710069) is a nonprofit organization based in Chattanooga, TN, classified under NTEE code P20. The organization reported total revenue of $117K and total assets of $12K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Baptist Cares Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Baptist Cares Inc is a small nonprofit that has been operating for 7 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 13.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $223K |
| Total Expenses | $332K |
| Surplus / Deficit | $-109,126 |
| Total Assets | $54K |
| Total Liabilities | $2K |
| Net Assets | $52K |
| Operating Margin | -48.9% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2023, First Baptist Cares Inc reported a deficit of $109K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), First Baptist Cares Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.3% | +497.8% | -66.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for First Baptist Cares Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates First Baptist Cares Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $109K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.4%.
Frequently Asked Questions about First Baptist Cares Inc
Is First Baptist Cares Inc a legitimate charity?
First Baptist Cares Inc (EIN: 824710069) is a registered tax-exempt nonprofit based in Tennessee. It has 2 years of IRS 990 filings on record. Total revenue: $117K. No red flags identified. Financial health grade: C.
How does First Baptist Cares Inc spend its money?
First Baptist Cares Inc reported $117K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to First Baptist Cares Inc tax-deductible?
First Baptist Cares Inc is registered as a tax-exempt nonprofit (EIN: 824710069). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is First Baptist Cares Inc located?
First Baptist Cares Inc is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 824710069. It is classified under NTEE code P20.
How many years of IRS 990 filings does First Baptist Cares Inc have?
First Baptist Cares Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $117K in total revenue.
Filing History
IRS 990 filing history for First Baptist Cares Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), First Baptist Cares Inc's revenue has grown by 13.3%, moving from $197K to $223K. Total assets decreased by 66.4% over the same period, from $162K to $54K. Total functional expenses rose by 497.8%, from $56K to $332K. In its most recent filing year (2023), First Baptist Cares Inc reported a deficit of $109K, with expenses exceeding revenue. The organization holds $2K in liabilities against $54K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $52K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $223K | $332K | $54K | $2K | — | — |
| 2022 | $197K | $56K | $162K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Baptist Cares Inc:
Data Sources and Methodology
This transparency report for First Baptist Cares Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.