Thermal Belt Outreach Ministry

Analysis

Thermal Belt Outreach Ministry is a registered charity in United States, based in Columbus, NC. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Thermal Belt Outreach Ministry reported income of $1.3m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.3m (-12%), an average of -3.0% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thermal Belt Outreach Ministry sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include His Harvest Stand ($1.3m), Main Stay Therapeutic Farm Inc ($1.3m) and Wisdom Culture & Education Organization ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $290k. At year end it held assets of $3.7m against liabilities of $28k, net assets of $3.6m. It reported 8 employees.