TCT Ministries Inc

Analysis

TCT Ministries Inc is a registered charity in United States, based in Marion, IL. It received its IRS tax-exemption ruling in May 2001, 25 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, TCT Ministries Inc reported income of $12.2m and spending of $11.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.0m to $12.2m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, TCT Ministries Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Behold Israel ($12.2m), Second Presbyterian Church Foundation Inc ($12.3m) and Zaka North Inc ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $384k (3.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $12.5m against liabilities of $2.6m, net assets of $10.0m. It reported 46 employees.