Truth Skate Ministries Inc

Analysis

Truth Skate Ministries Inc is a registered charity in United States, based in Fennville, MI. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Truth Skate Ministries Inc reported income of $73k and spending of $49k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $73k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 69% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Truth Skate Ministries Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within MI. Charities of a similar size with the same main cause include Kiwanis Club of Durant Oklahoma ($73k), Miracle League of Stanislaus County ($73k) and Future Farmers of America State Associations & Local Chapter ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.