Beacon of Truth Ministries Inc

Analysis

Beacon of Truth Ministries Inc is a registered charity in United States, based in Greeley, KS. It received its IRS tax-exemption ruling in May 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, Beacon of Truth Ministries Inc reported income of $1.0m and spending of $879k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $482k to $1.0m (+108%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Beacon of Truth Ministries Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KS. Charities of a similar size with the same main cause include Christopher Macklin Ministries ($1.0m), Rahmat-E-Alam Foundation of Washington ($1.0m) and Deo Volente ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.