Belt of Truth Ministries

Analysis

Belt of Truth Ministries is a registered charity in United States, based in Lakeview, MI. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Belt of Truth Ministries reported income of $495k and spending of $447k, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $428k to $495k (+15%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Belt of Truth Ministries sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Ministerio de Evangelizacion Catolico Jesus Esta Vivo Corp ($494k), Chicago Religious Leadership Network on Latin America ($495k) and Psalm 51 Ranch Inc ($494k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $95k (21% of expenses). Other salaries and wages came to $27k. At year end it held assets of $610k against liabilities of $31k, net assets of $579k. It reported 5 employees.