True Impact Ministries Inc

Analysis

True Impact Ministries Inc is a registered charity in United States, based in Castle Rock, CO. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, True Impact Ministries Inc reported income of $485k and spending of $461k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $477k to $485k (+1.7%), an average of +0.4% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, True Impact Ministries Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within CO. Charities of a similar size with the same main cause include Cares of Farmington Hills Inc ($485k), Merciful Ministry ($485k) and Amputee Blade Runners ($485k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $45k. At year end it held assets of $162k against liabilities of $1,504, net assets of $160k. It reported 2 employees.