Banner of Truth

Analysis

Banner of Truth is a registered charity in United States, based in Carlisle, PA. It received its IRS tax-exemption ruling in December 1967, 59 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2024, Banner of Truth reported income of $1.8m and spending of $1.5m, spending 86% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.2m to $1.8m (+47%), an average of +10% a year. The sharpest change came in the year to March 2022, when income rose by 111%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Banner of Truth sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Ark of Grace Ministries ($1.8m), Unite Life ($1.8m) and Redeemer Dubai ($1.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 23% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $94k (6.1% of expenses). Other salaries and wages came to $398k. At year end it held assets of $2.4m against liabilities of $630k, net assets of $1.8m. It reported 13 employees.