Spread Truth Ministries Inc

Analysis

Spread Truth Ministries Inc is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spread Truth Ministries Inc reported income of $1.4m and spending of $1.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Spread Truth Ministries Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Jericho Road Ministries Inc ($1.4m), Youth with a Mission-Madison Inc ($1.4m) and Little Eden Camp ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $131k (10% of expenses). Other salaries and wages came to $326k. At year end it held assets of $455k against liabilities of $182k, net assets of $273k. It reported 8 employees.