CT Townsend Ministries Inc

Analysis

CT Townsend Ministries Inc is a registered charity in United States, based in North Augusta, SC. It received its IRS tax-exemption ruling in March 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, CT Townsend Ministries Inc reported income of $1.2m and spending of $1.0m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $849k to $1.2m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, CT Townsend Ministries Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include Radio Maria Spanish Inc ($1.2m), Universal Living Rosary Association of St Philomena ($1.2m) and Hilltop Adventures ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $111k (11% of expenses). Other salaries and wages came to $62k. At year end it held assets of $1.1m against liabilities of $361k, net assets of $702k. It reported 2 employees.