Tellasia Ministries Inc

Analysis

Tellasia Ministries Inc is a registered charity in United States, based in Arvada, CO. It received its IRS tax-exemption ruling in March 2002, 24 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, Tellasia Ministries Inc reported income of $566k and spending of $463k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $566k (-44%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 120%. 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, Tellasia Ministries Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Firewind Ministries ($565k), New Geneva Inc ($566k) and Mission Driven Ministries ($565k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $38k (8.2% of expenses). Other salaries and wages came to $57k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 4 employees.