Truth in Love Ministry Corp

Analysis

Truth in Love Ministry Corp is a registered charity in United States, based in Nampa, ID. It received its IRS tax-exemption ruling in January 1966, 60 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, Truth in Love Ministry Corp reported income of $800k and spending of $936k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $630k to $800k (+27%), an average of +6.2% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truth in Love Ministry Corp sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within ID. Charities of a similar size with the same main cause include Advance Ministries Inc ($800k), Home of the Mother Inc ($800k) and Jlens ($800k).

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 $206k (22% of expenses). Other salaries and wages came to $134k. At year end it held assets of $978k against liabilities of $750k, net assets of $228k. It reported 13 employees.