Spirit and Truth Ministries Inc

Analysis

Spirit and Truth Ministries Inc is a registered charity in United States, based in Vineland, NJ. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Spirit and Truth Ministries Inc reported income of $276k and spending of $207k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income fell from $391k to $276k (-29%), an average of -11% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spirit and Truth Ministries Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Eastwick United CDC ($276k), ICT Food Rescue Inc ($276k) and James J Buquet Jr Bayouland YMCA ($276k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $94k (45% of expenses). At year end it held assets of $478k against liabilities of $0, net assets of $478k. It reported 5 employees.