Terry Tripp Ministries Inc

Analysis

Terry Tripp Ministries Inc is a registered charity in United States, based in Gallatin, TN. It received its IRS tax-exemption ruling in December 1996, 30 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, Terry Tripp Ministries Inc reported income of $258k and spending of $184k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $138k to $258k (+87%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Terry Tripp Ministries Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Word Family Church ($258k), Jesus at the Door Inc ($258k) and Our Ladys Pilgrimage Inc ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $56k (30% of expenses). Other salaries and wages came to $21k. At year end it held assets of $215k against liabilities of $27k, net assets of $188k. It reported 2 employees.