Tzedakah Ministries Incorporated

Analysis

Tzedakah Ministries Incorporated is a registered charity in United States, based in Waxahachie, TX. It received its IRS tax-exemption ruling in April 2008, 18 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, Tzedakah Ministries Incorporated reported income of $76k and spending of $82k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $76k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 120% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tzedakah Ministries Incorporated sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include Seraphim Ministries International ($76k), Agape Foundation TR ($76k) and Mission Josiah Inc ($76k).

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 $4,242 against liabilities of $8,000, net assets of -$3,758.