Glory Temple Ministries Inc

Analysis

Glory Temple Ministries Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Glory Temple Ministries Inc reported income of $121k and spending of $66k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2018 to December 2022, income fell from $170k to $121k (-29%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. 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, Glory Temple Ministries Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Ozark Christian Missions ($121k), Dharma Seal Monastery Inc ($121k) and Long Beach Khmer Krom Buddhist Organization Inc ($121k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.