Tefco Ministries

Analysis

Tefco Ministries is a registered charity in United States, based in Newport, NC. It received its IRS tax-exemption ruling in October 2016, 10 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, Tefco Ministries reported income of $83k and spending of $9,014, leaving 89% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $317k to $83k (-74%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 10% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tefco Ministries sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include Lonnie Riley Ministries ($83k), Banner of the Truth Inc ($83k) and Beloved Warriors ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $870k against liabilities of $0, net assets of $870k.