Way of Truth Ministries

Analysis

Way of Truth Ministries is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. 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, Way of Truth Ministries reported income of $108k and spending of $117k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $108k (+7.4%), an average of +7.4% a year. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Way of Truth Ministries sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within PA. Charities of a similar size with the same main cause include Science Kids ($107k), Little League Baseball Inc ($108k) and Barnwell County United Way ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $117k against liabilities of $98k, net assets of $19k.