True Word Training Center

Analysis

True Word Training Center is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in December 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, True Word Training Center reported income of $123k and spending of $132k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $137k to $123k (-10%), an average of -3.5% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, True Word Training Center sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Abraham International Leadership Ministries ($123k), Western Washington Catholic Charismatic Renewal ($123k) and Vietnamese Buddhist Cultural Center of Florida Inc ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $249k against liabilities of $56k, net assets of $193k.