Preston Taylor Ministries

Analysis

Preston Taylor Ministries is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Preston Taylor Ministries reported income of $1.6m and spending of $1.5m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Preston Taylor Ministries sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Gaston College Foundation Inc ($1.6m), Evergreen Community School Inc ($1.6m) and West Virginia Women Work Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $92k (6.0% of expenses). Other salaries and wages came to $918k. At year end it held assets of $1.6m against liabilities of $119k, net assets of $1.5m. It reported 69 employees.