First Baptist Church Of Rome Foundation Inc
First Baptist Church Of Rome Foundation Inc maintains minimal expenses and no officer compensation, consistently growing assets.
EIN: 205422938 · Rome, GA · NTEE: X11 · Updated: 2026-03-28
Is First Baptist Church Of Rome Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
First Baptist Church Of Rome Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About First Baptist Church Of Rome Foundation Inc
First Baptist Church Of Rome Foundation Inc (EIN: 205422938) is a nonprofit organization based in Rome, GA, classified under NTEE code X11. The organization reported total revenue of $4.3M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Baptist Church Of Rome Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Baptist Church Of Rome Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $204K |
| Total Expenses | $26K |
| Surplus / Deficit | +$178K |
| Total Assets | $5.5M |
| Net Assets | $5.5M |
| Operating Margin | 87.3% |
| Months of Reserves | 2550.9 months |
Financial Health Grade: A
In 2023, First Baptist Church Of Rome Foundation Inc reported a surplus of $178K with revenue exceeding expenses, holds 2550.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), First Baptist Church Of Rome Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -81.8% | +9.3% | +11.0% |
| 2022 | +87.6% | -3.3% | +0.9% |
| 2021 | +112.9% | +28.2% | +17.2% |
| 2020 | -77.0% | +2.7% | +11.0% |
| 2019 | +605.0% | +402.5% | +19.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates First Baptist Church Of Rome Foundation Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, First Baptist Church Of Rome Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $178K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with assets exceeding $5 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of First Baptist Church Of Rome Foundation Inc's IRS 990 filings:
- Lack of detailed program spending information in available data, suggesting it may primarily be an endowment.
Strengths
The following positive indicators were identified for First Baptist Church Of Rome Foundation Inc:
- Extremely low operating expenses relative to revenue (e.g., $25,866 expenses on $204,071 revenue in 2023).
- Consistent asset growth over the past decade, from $3,016,261 in 2014 to $5,498,409 in 2023.
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- No reported liabilities in recent filings, suggesting strong financial stability.
- High financial efficiency, with a significant portion of revenue retained or invested.
Frequently Asked Questions about First Baptist Church Of Rome Foundation Inc
Is First Baptist Church Of Rome Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, First Baptist Church Of Rome Foundation Inc (EIN: 205422938) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does First Baptist Church Of Rome Foundation Inc spend its money?
First Baptist Church Of Rome Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to First Baptist Church Of Rome Foundation Inc tax-deductible?
First Baptist Church Of Rome Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205422938). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is First Baptist Church Of Rome Foundation Inc a good charity?
Based on its financial data, the First Baptist Church Of Rome Foundation Inc appears to be a very well-managed organization with extremely low expenses, no officer compensation, and consistent asset growth. Its efficiency and transparency are excellent.
What is the primary function of this foundation given its low expenses?
Given the consistently low expenses relative to revenue and significant asset growth, the foundation likely functions primarily as an endowment or asset management entity, supporting the First Baptist Church of Rome through investment income rather than direct program delivery.
How has the foundation's asset base changed over time?
The foundation's assets have shown consistent growth, increasing from $3,016,261 in 2014 to $5,498,409 in 2023, demonstrating strong financial stewardship and investment performance.
Filing History
IRS 990 filing history for First Baptist Church Of Rome Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), First Baptist Church Of Rome Foundation Inc's revenue has declined by 57.3%, moving from $478K to $204K. Total assets increased by 132.8% over the same period, from $2.4M to $5.5M. Total functional expenses rose by 944.7%, from $2K to $26K. In its most recent filing year (2023), First Baptist Church Of Rome Foundation Inc reported a surplus of $178K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $204K | $26K | $5.5M | $0 | — | View 990 |
| 2022 | $1.1M | $24K | $5.0M | $0 | — | View 990 |
| 2021 | $598K | $24K | $4.9M | $0 | — | View 990 |
| 2020 | $281K | $19K | $4.2M | $0 | — | — |
| 2019 | $1.2M | $19K | $3.8M | $0 | — | View 990 |
| 2018 | $173K | $4K | $3.2M | $0 | — | View 990 |
| 2017 | $180K | $3K | $3.5M | $0 | — | — |
| 2016 | $301K | $3K | $3.2M | $0 | — | View 990 |
| 2015 | $234K | $2K | $2.9M | $0 | — | View 990 |
| 2014 | $156K | $2K | $3.0M | $0 | — | View 990 |
| 2013 | $189K | $4K | $2.7M | $0 | — | View 990 |
| 2012 | $201K | $1K | $2.5M | $0 | — | View 990 |
| 2011 | $478K | $2K | $2.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $204K, expenses of $26K, and assets of $5.5M (revenue -81.8% year-over-year).
- 2022: Revenue of $1.1M, expenses of $24K, and assets of $5.0M (revenue +87.6% year-over-year).
- 2021: Revenue of $598K, expenses of $24K, and assets of $4.9M (revenue +112.9% year-over-year).
- 2020: Revenue of $281K, expenses of $19K, and assets of $4.2M (revenue -77.0% year-over-year).
- 2019: Revenue of $1.2M, expenses of $19K, and assets of $3.8M (revenue +605.0% year-over-year).
- 2018: Revenue of $173K, expenses of $4K, and assets of $3.2M (revenue -3.8% year-over-year).
- 2017: Revenue of $180K, expenses of $3K, and assets of $3.5M (revenue -40.2% year-over-year).
- 2016: Revenue of $301K, expenses of $3K, and assets of $3.2M (revenue +28.8% year-over-year).
- 2015: Revenue of $234K, expenses of $2K, and assets of $2.9M (revenue +49.9% year-over-year).
- 2014: Revenue of $156K, expenses of $2K, and assets of $3.0M (revenue -17.2% year-over-year).
- 2013: Revenue of $189K, expenses of $4K, and assets of $2.7M (revenue -6.0% year-over-year).
- 2012: Revenue of $201K, expenses of $1K, and assets of $2.5M (revenue -58.0% year-over-year).
- 2011: Revenue of $478K, expenses of $2K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Baptist Church Of Rome Foundation Inc:
Data Sources and Methodology
This transparency report for First Baptist Church Of Rome Foundation 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.