Tol Ministries Inc

Analysis

Tol Ministries Inc is a registered charity in United States, based in Purcellville, VA. It received its IRS tax-exemption ruling in September 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, Tol Ministries Inc reported income of $2.8m and spending of $2.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $953k to $2.8m (+195%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 118%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tol 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 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Tender Loving Care Home for Boys Inc ($2.8m), Generations Inc ($2.8m) and Eddy House ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $323k (12% of expenses). At year end it held assets of $772k against liabilities of $55k, net assets of $717k. It reported 50 employees.