First Baptist Church Of Topekafoundation
First Baptist Church Of Topekafoundation shows strong asset growth but experienced a significant operating deficit in 2023.
EIN: 208178603 · Topeka, KS · NTEE: X112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $227K |
| Total Expenses | $518K |
| Program Spending | 80% |
| Net Assets | $4.3M |
| Transparency Score | 75/100 |
Is First Baptist Church Of Topekafoundation 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 Topekafoundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About First Baptist Church Of Topekafoundation
First Baptist Church Of Topekafoundation (EIN: 208178603) is a nonprofit organization based in Topeka, KS, classified under NTEE code X112. The organization reported total revenue of $227K and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Baptist Church Of Topekafoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Baptist Church Of Topekafoundation is a small nonprofit that has been operating for 17 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $167K |
| Total Expenses | $518K |
| Surplus / Deficit | $-351,119 |
| Total Assets | $4.3M |
| Net Assets | $4.3M |
| Operating Margin | -210.5% |
| Months of Reserves | 99.4 months |
Financial Health Grade: B
In 2023, First Baptist Church Of Topekafoundation reported a deficit of $351K with expenses exceeding revenue, holds 99.4 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2013–2023), First Baptist Church Of Topekafoundation's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -90.0% | +163.4% | +6.2% |
| 2022 | +6.9% | +15.3% | +19.7% |
| 2021 | +1565.9% | +1130.1% | +108.0% |
| 2020 | +28.6% | -90.3% | +21.7% |
| 2019 | -87.9% | +700.9% | +13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Topekafoundation with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, First Baptist Church Of Topekafoundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 deficit of $351K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence.
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 Topekafoundation's IRS 990 filings:
- Significant operating deficit in 2023 ($351,119 difference between expenses and revenue)
- Highly volatile revenue and expense figures year-over-year, making financial planning and predictability challenging.
Strengths
The following positive indicators were identified for First Baptist Church Of Topekafoundation:
- Consistent asset growth, reaching over $4.2 million in 2023.
- Zero reported liabilities across all filings, indicating a strong balance sheet.
- 0% officer compensation reported, suggesting volunteer leadership or efficient compensation structures.
- Strong revenue years in 2021 and 2022, demonstrating capacity for significant fundraising or investment gains.
Frequently Asked Questions about First Baptist Church Of Topekafoundation
Is First Baptist Church Of Topekafoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, First Baptist Church Of Topekafoundation (EIN: 208178603) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does First Baptist Church Of Topekafoundation spend its money?
First Baptist Church Of Topekafoundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to First Baptist Church Of Topekafoundation tax-deductible?
First Baptist Church Of Topekafoundation is registered as a tax-exempt nonprofit (EIN: 208178603). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of First Baptist Church Of Topekafoundation's spending goes to programs?
First Baptist Church Of Topekafoundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does First Baptist Church Of Topekafoundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), First Baptist Church Of Topekafoundation is above average for NTEE category X112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is First Baptist Church Of Topekafoundation located?
First Baptist Church Of Topekafoundation is headquartered in Topeka, Kansas and files with the IRS under EIN 208178603. It is classified under NTEE code X112.
How many years of IRS 990 filings does First Baptist Church Of Topekafoundation have?
First Baptist Church Of Topekafoundation has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $227K in total revenue.
Is First Baptist Church Of Topekafoundation a good charity?
The organization demonstrates strong asset growth and no liabilities, indicating financial stability. However, the significant operating deficit in 2023 ($166,772 revenue vs. $517,891 expenses) and the lack of detailed expense breakdowns in the provided data make it challenging to fully assess its programmatic efficiency and overall 'goodness' without further information.
Why did expenses significantly exceed revenue in 2023?
In 2023, the organization reported $517,891 in expenses against only $166,772 in revenue. This could be due to a one-time large program expenditure, significant investment losses, or a planned draw-down from reserves. Further investigation into the detailed 990 filing for 2023 would be necessary to understand the specific reasons.
How has the organization managed to grow its assets so significantly?
The organization's assets have grown from $439,670 in 2015 to $4,290,892 in 2023. This substantial growth, particularly between 2020 and 2022, suggests successful investment strategies, significant capital campaigns, or large unrestricted donations, especially given the high revenues in 2021 and 2022.
Filing History
IRS 990 filing history for First Baptist Church Of Topekafoundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), First Baptist Church Of Topekafoundation's revenue has grown by 52.8%, moving from $109K to $167K. Total assets increased by 903.9% over the same period, from $427K to $4.3M. Total functional expenses rose by 1511.1%, from $32K to $518K. In its most recent filing year (2023), First Baptist Church Of Topekafoundation reported a deficit of $351K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $167K | $518K | $4.3M | $0 | — | View 990 |
| 2022 | $1.7M | $197K | $4.0M | $0 | — | — |
| 2021 | $1.6M | $171K | $3.4M | $0 | — | — |
| 2020 | $93K | $14K | $1.6M | $0 | — | — |
| 2019 | $73K | $143K | $1.3M | $0 | — | View 990 |
| 2018 | $598K | $18K | $1.2M | $0 | — | View 990 |
| 2017 | $314K | $30K | $757K | $0 | — | View 990 |
| 2016 | $21K | $19K | $473K | $0 | — | View 990 |
| 2015 | $23K | $24K | $440K | $0 | — | View 990 |
| 2014 | $49K | $36K | $440K | $0 | — | View 990 |
| 2013 | $109K | $32K | $427K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $167K, expenses of $518K, and assets of $4.3M (revenue -90.0% year-over-year).
- 2022: Revenue of $1.7M, expenses of $197K, and assets of $4.0M (revenue +6.9% year-over-year).
- 2021: Revenue of $1.6M, expenses of $171K, and assets of $3.4M (revenue +1565.9% year-over-year).
- 2020: Revenue of $93K, expenses of $14K, and assets of $1.6M (revenue +28.6% year-over-year).
- 2019: Revenue of $73K, expenses of $143K, and assets of $1.3M (revenue -87.9% year-over-year).
- 2018: Revenue of $598K, expenses of $18K, and assets of $1.2M (revenue +90.5% year-over-year).
- 2017: Revenue of $314K, expenses of $30K, and assets of $757K (revenue +1419.3% year-over-year).
- 2016: Revenue of $21K, expenses of $19K, and assets of $473K (revenue -9.9% year-over-year).
- 2015: Revenue of $23K, expenses of $24K, and assets of $440K (revenue -53.3% year-over-year).
- 2014: Revenue of $49K, expenses of $36K, and assets of $440K (revenue -55.0% year-over-year).
- 2013: Revenue of $109K, expenses of $32K, and assets of $427K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Baptist Church Of Topekafoundation:
Data Sources and Methodology
This transparency report for First Baptist Church Of Topekafoundation 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.