Thistlebend Ministries

Analysis

Thistlebend Ministries is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 2008, 18 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, Thistlebend Ministries reported income of $153k and spending of $207k, spending 135% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $249k to $153k (-39%), an average of -9.4% a year. The sharpest change came in the year to December 2019, when income rose by 161%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Thistlebend Ministries sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within KY. Charities of a similar size with the same main cause include We Have This Hope Christian Radio Inc ($153k), Templo Pentecostal LA Puerta Estrecha ($153k) and Iglesia Cristiana El Remanente Fiel ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.5% of the total. Other salaries and wages came to $85k. At year end it held assets of $158k against liabilities of $544, net assets of $157k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.