Timothy Ministries

Analysis

Timothy Ministries is a registered charity in United States, based in Lakewood, WA. It received its IRS tax-exemption ruling in June 1976, 50 years ago. 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, Timothy Ministries reported income of $113k and spending of $118k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $113k (+2.3%), an average of +2.3% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Timothy Ministries sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within WA. Charities of a similar size with the same main cause include Belvidere Youth Baseball Inc ($113k), Gettysburg Fire Department Firemens Relief Association Inc ($113k) and Music Association of Minnetonka ($113k).

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 $25k against liabilities of $0, net assets of $25k.