Transylvania Christian Ministry Inc

Analysis

Transylvania Christian Ministry Inc is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in August 1981, 45 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, Transylvania Christian Ministry Inc reported income of $2.2m and spending of $1.9m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.2m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transylvania Christian Ministry Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Grantmakers in the Arts ($2.2m), Harvest Evangelism Inc ($2.2m) and Columbus Next Generation Corporation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $492k. At year end it held assets of $3.6m against liabilities of $16k, net assets of $3.6m. It reported 10 employees.