Spirit of Truth Ministries Shreveport Inc

Analysis

Spirit of Truth Ministries Shreveport Inc is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in January 2006, 20 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, Spirit of Truth Ministries Shreveport Inc reported income of $155k and spending of $151k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $163k to $155k (-5.2%), an average of -1.3% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Spirit of Truth Ministries Shreveport Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within LA. Charities of a similar size with the same main cause include Arborspring Retreat House ($155k), Iglesia de Jesucristo Remanente Fiel ($155k) and Heros Club Inc ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. Compensation of current officers, directors and key employees was $24k (16% of expenses). At year end it held assets of $132k against liabilities of $0, net assets of $132k. It reported 1 employees.