Toolbox Ministries Inc

Analysis

Toolbox Ministries Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2012, 14 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 2022, Toolbox Ministries Inc reported income of $617k and spending of $616k, spending 100% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $386k to $617k (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 274%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Toolbox Ministries Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Lotus Buddhist Congregation ($617k), Harmony Project International ($617k) and Liumi Inc ($617k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $192k (31% of expenses). At year end it held assets of $273k against liabilities of $2,620, net assets of $270k.