Triumphant Mercy Ministries Inc

Analysis

Triumphant Mercy Ministries Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in October 2006, 20 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, Triumphant Mercy Ministries Inc reported income of $89k and spending of $1.3m, spending 1478% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $52k to $89k (+72%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 789%. 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, Triumphant Mercy Ministries Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within AL. Charities of a similar size with the same main cause include Kollel Tiferes Shimon Inc ($89k), Respond Ministries Inc ($89k) and Grace Overflowing Ministries Inc ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $135k (10% of expenses). Other salaries and wages came to $60k. At year end it held assets of $710k against liabilities of $0, net assets of $710k. It reported 2 employees.