Trulight127 Ministries Inc

Analysis

Trulight127 Ministries Inc is a registered charity in United States, based in Marion, TX. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Trulight127 Ministries Inc reported income of $4.7m and spending of $4.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.7m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trulight127 Ministries Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Hospice of Guernsey Inc ($4.7m), Supportive Housing Communities Inc ($4.7m) and Fathers Support Center St Louis ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $226k (5.2% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.8m against liabilities of $487k, net assets of $1.3m. It reported 125 employees.