True Life Concepts Ministry

Analysis

True Life Concepts Ministry is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in February 2010, 16 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, True Life Concepts Ministry reported income of $141k and spending of $118k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $143k to $141k (-1.3%), an average of -1.3% a year. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, True Life Concepts Ministry sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within TN. Charities of a similar size with the same main cause include Youth & Family Crossroads ($141k), Abbas Pride ($141k) and Heartway Church Inc ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. At year end it held assets of $133k against liabilities of $147k, net assets of -$14k.