Jaime Torres Ministries

Analysis

Jaime Torres Ministries is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in October 2021, 5 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, Jaime Torres Ministries reported income of $129k and spending of $104k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $129k (+0.7%), an average of +0.7% a year. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Jaime Torres Ministries sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include Southern Missionary Society ($129k), San Corporation ($129k) and Capilla de Gracia Inc ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $136k against liabilities of $0, net assets of $136k.