Precious Present Truth Inc

Analysis

Precious Present Truth Inc is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in December 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, Precious Present Truth Inc reported income of $345k and spending of $344k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $356k to $345k (-3.0%), an average of -0.7% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Precious Present Truth Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Kevin Cooley Ministries Inc ($345k), Empowerment Academy of Charlotte Inc ($345k) and Mitzvah Matters Inc ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (20% of expenses). Other salaries and wages came to $63k. At year end it held assets of $43k against liabilities of $0, net assets of $43k.