Ministry Training Source

Analysis

Ministry Training Source is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in November 2000, 26 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, Ministry Training Source reported income of $76k and spending of $76k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $115k to $76k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ministry Training Source sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within LA. Charities of a similar size with the same main cause include House of the Lord Ministries Inc ($76k), Rasayana ($76k) and Christ Covenant Ministries Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $3,251 against liabilities of $0, net assets of $3,251.