Transforming Ministries

Analysis

Transforming Ministries is a registered charity in United States, based in Lloyd, FL. It received its IRS tax-exemption ruling in January 1998, 28 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, Transforming Ministries reported income of $106k and spending of $93k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $119k to $106k (-10%), an average of -10% a year. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Transforming Ministries sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Grace Given Ministries Inc ($106k), Mother of Divine Grace Housing Development Fund Company Inc ($107k) and Ignite the Nations ($106k).

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 $100k against liabilities of $31k, net assets of $69k.