Truly Fed Ministries

Analysis

Truly Fed Ministries is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in August 2013, 13 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, Truly Fed Ministries reported income of $1.1m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $154k to $1.1m (+629%), an average of +64% a year. The sharpest change came in the year to December 2020, when income rose by 117%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truly Fed Ministries sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Embrace the Truth ($1.1m), Empower International Inc ($1.1m) and Thrive Ministry ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $15k (1.4% of expenses). Other salaries and wages came to $29k. At year end it held assets of $481k against liabilities of $7,238, net assets of $474k. It reported 2 employees.