Terry Veazey Ministries Inc

Analysis

Terry Veazey Ministries Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in April 1980, 46 years ago. 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 Veazey Ministries Inc reported income of $127k and spending of $144k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $141k to $127k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Terry Veazey Ministries Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within AL. Charities of a similar size with the same main cause include Association of Leadership Educators Inc ($127k), Public Health Acupuncture of NM ($127k) and Ernest Hemingway Foundation of Oak Park ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $3,300 (2.3% of expenses). At year end it held assets of $31k against liabilities of $58k, net assets of -$27k. It reported 1 employees.