Reaching and Teaching International Ministries Incorporated

Analysis

Reaching and Teaching International Ministries Incorporated is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Reaching and Teaching International Ministries Incorporated reported income of $11.3m and spending of $10.2m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.4m to $11.3m (+233%), an average of +35% a year. The sharpest change came in the year to September 2022, when income rose by 77%. 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, Reaching and Teaching International Ministries Incorporated sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Intend Ministries ($11.3m), Society for Christian Instruction ($11.4m) and Les Feldick Ministries ($11.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $185k (1.8% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $4.2m against liabilities of $64k, net assets of $4.1m. It reported 95 employees.