Truth Evangelistic Ministry Inc

Analysis

Truth Evangelistic Ministry Inc is a registered charity in United States, based in Ft Walton BCH, FL. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Truth Evangelistic Ministry Inc reported income of $73k and spending of $65k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $224k to $73k (-67%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truth Evangelistic Ministry Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Jonathan Thacker Ministries Inc ($73k), Darul Furqan Inc ($73k) and Templo Embajadores de Cristo ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $158k against liabilities of $0, net assets of $158k.