Touch the World Ministries Inc

Analysis

Touch the World Ministries Inc is a registered charity in United States, based in Todd, NC. It received its IRS tax-exemption ruling in April 2001, 25 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, Touch the World Ministries Inc reported income of $182k and spending of $242k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $255k to $182k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Touch the World Ministries Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include Eom Boost Inc ($182k), Friends of the Poor Aka Ban Nguoi Ngheo Inc ($182k) and Harbor House of Rochester Inc ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $23k (9.6% of expenses). At year end it held assets of $66k against liabilities of $451, net assets of $66k. It reported 1 employees.