Legacy of Truth Ministries Inc

Analysis

Legacy of Truth Ministries Inc is a registered charity in United States, based in Peachtree Cor, GA. It received its IRS tax-exemption ruling in March 1998, 28 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, Legacy of Truth Ministries Inc reported income of $123k and spending of $117k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $123k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Legacy of Truth Ministries Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within GA. Charities of a similar size with the same main cause include Community Impact Inc ($123k), 1@life Ministries and Worship Cente R ($123k) and International Student Ministry- Lansing Area ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $82k against liabilities of $734, net assets of $81k.