Twelve Stones Ministries Inc

Analysis

Twelve Stones Ministries Inc is a registered charity in United States, based in Morgantown, IN. It received its IRS tax-exemption ruling in August 2004, 22 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, Twelve Stones Ministries Inc reported income of $584k and spending of $552k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $584k (+54%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Twelve Stones Ministries Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IN. Charities of a similar size with the same main cause include Grace Evangelistic Ministries Inc ($584k), Choe Andrew World Mission ($585k) and Friends of the Toras Chochom Institute Inc ($584k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $152k (27% of expenses). Other salaries and wages came to $142k. At year end it held assets of $795k against liabilities of $34k, net assets of $761k. It reported 10 employees.