Truth Ministries of Spokane

Analysis

Truth Ministries of Spokane is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in December 2007, 19 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, Truth Ministries of Spokane reported income of $639k and spending of $559k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $363k to $639k (+76%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truth Ministries of Spokane sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include 1269 Cafe Ministries ($639k), Old Colony Mennonite Support Inc ($639k) and Sonrise Mountain Ranch ($639k).

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 $124k (22% of expenses). Other salaries and wages came to $155k. At year end it held assets of $258k against liabilities of $7,686, net assets of $250k. It reported 8 employees.