True North Ministries Inc

Analysis

True North Ministries Inc is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in January 2014, 12 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, True North Ministries Inc reported income of $528k and spending of $524k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $277k to $528k (+91%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, True North Ministries Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OK. Charities of a similar size with the same main cause include Baptist Foundation of Maryland Delaware Inc ($528k), Well Community ($529k) and Colorado Vincentian Volunteers ($528k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $102k (19% of expenses). Other salaries and wages came to $128k. At year end it held assets of $169k against liabilities of $50, net assets of $169k. It reported 6 employees.