True Light Shines Ministries Inc

Analysis

True Light Shines Ministries Inc is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, True Light Shines Ministries Inc reported income of $106k and spending of $123k, spending 116% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $140k to $106k (-24%), an average of -24% a year. The sharpest change came in the year to June 2024, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, True Light Shines Ministries Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Tumwater Middle School Parent Teacher Organization ($106k), Glen Cove Sage Foundation ($106k) and Help for the Needy & Poor Inc ($106k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 41% and program service revenue 59% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.