Tyrand Cooperative Ministries Inc

Analysis

Tyrand Cooperative Ministries Inc is a registered charity in United States, based in Mill Creek, WV. It received its IRS tax-exemption ruling in November 2011, 15 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, Tyrand Cooperative Ministries Inc reported income of $264k and spending of $260k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $196k to $264k (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tyrand Cooperative Ministries Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within WV. Charities of a similar size with the same main cause include Message to All Nations M a N ($264k), Christian Medical Ministries ($264k) and Greenfield Manor Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $86k (33% of expenses). Other salaries and wages came to $50k. At year end it held assets of $99k against liabilities of $3,026, net assets of $96k. It reported 2 employees.