Tommy Bates Ministries Inc

Analysis

Tommy Bates Ministries Inc is a registered charity in United States, based in Walton, KY. It received its IRS tax-exemption ruling in December 2006, 20 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, Tommy Bates Ministries Inc reported income of $147k and spending of $125k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $147k (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 203%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tommy Bates Ministries Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within KY. Charities of a similar size with the same main cause include CPC of the Wmm-Douglasville Ga-One Inc ($147k), Alan and Diane Levin Family Foundation ($147k) and Inheritance Pilgrimages NFP ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $14k (11% of expenses). At year end it held assets of $613k against liabilities of $0, net assets of $613k.