Paul E Tsika Ministries Inc

Analysis

Paul E Tsika Ministries Inc is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in August 1984, 42 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 March 2024, Paul E Tsika Ministries Inc reported income of $2.1m and spending of $1.8m, spending 88% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.7m to $2.1m (+19%), an average of +4.5% a year. The sharpest change came in the year to March 2022, when income rose by 59%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paul E Tsika 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 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Arizona Western College Foundation ($2.1m), Our Kids Inc ($2.1m) and Chorus of Westerly ($2.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 71% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $725k (40% of expenses). Other salaries and wages came to $110k. At year end it held assets of $5.5m against liabilities of $639, net assets of $5.5m. It reported 5 employees.