Truth Tabernacle of Praise

Analysis

Truth Tabernacle of Praise is a registered charity in United States, based in Stone Mountain, GA. It received its IRS tax-exemption ruling in December 1964, 62 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Truth Tabernacle of Praise reported income of $305k and spending of $304k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $270k to $305k (+13%), an average of +3.1% a year. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truth Tabernacle of Praise sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within GA. Charities of a similar size with the same main cause include Higher Purpose Fellowship ($305k), Mercy Center in ($305k) and Unpackin It Ministries Inc ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $129k (42% of expenses). At year end it held assets of $510k against liabilities of $0, net assets of $510k. It reported 1 employees.