Tom Farrell Evangelistic Ministries

Analysis

Tom Farrell Evangelistic Ministries is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in April 1991, 35 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 2023, Tom Farrell Evangelistic Ministries reported income of $70k and spending of $38k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $303k to $70k (-77%), an average of -31% a year. The sharpest change came in the year to December 2021, when income dropped by 58%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tom Farrell Evangelistic Ministries sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Iglesia de Cristo Luz Encendida ($70k), Star Island United Church of Christ Inc ($70k) and Frontlines Ministries Inc ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $18k (47% of expenses). At year end it held assets of $778k against liabilities of $0, net assets of $778k. It reported 1 employees.