Target One Ministries Inc

Analysis

Target One Ministries Inc is a registered charity in United States, based in Martinsburg, PA. It received its IRS tax-exemption ruling in December 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 June 2024, Target One Ministries Inc reported income of $191k and spending of $106k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $124k to $191k (+55%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 60% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Target One Ministries Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include New Beginnings Ministries of Hardee County Inc ($191k), Courts of Praise Community Church of God in Christ Inc ($191k) and First Choice Center for Women Inc ($191k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $25k (24% of expenses). Other salaries and wages came to $11k. At year end it held assets of $566k against liabilities of $5,724, net assets of $561k. It reported 3 employees.