Ron Teal Ministries Inc

Analysis

Ron Teal Ministries Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in June 2014, 12 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, Ron Teal Ministries Inc reported income of $521k and spending of $413k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $217k to $521k (+140%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ron Teal Ministries Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include The Keystone Project Inc ($520k), Building Bridges Through Music Inc ($522k) and Kidz Blitz Ministries Inc ($520k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (19% of expenses). Other salaries and wages came to $26k. At year end it held assets of $347k against liabilities of $38k, net assets of $309k. It reported 2 employees.