Larry Thompson Ministries Inc

Analysis

Larry Thompson Ministries Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in March 2017, 9 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 2022, Larry Thompson Ministries Inc reported income of $97k and spending of $169k, spending 174% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $255k to $97k (-62%), an average of -28% a year. The sharpest change came in the year to December 2021, when income dropped by 50%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Larry Thompson Ministries Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include NCS Bergen County Inc ($97k), Iglesia Cristiana Casa Del Rey ($97k) and Happy the Dog Ministry Inc ($97k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 98% of the total. At year end it held assets of $394k against liabilities of $21k, net assets of $373k.