Terry Law Ministries Inc

Analysis

Terry Law Ministries Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in August 1974, 52 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 Law Ministries Inc reported income of $2.6m and spending of $2.2m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.6m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Terry Law Ministries Inc 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 88th percentile, and in the 89th percentile within OK. Charities of a similar size with the same main cause include Muskegon County Museum ($2.6m), Open House Nursery School ($2.6m) and Defiance Area Foundation Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $296k (14% of expenses). Other salaries and wages came to $168k. At year end it held assets of $2.3m against liabilities of $316k, net assets of $2.0m. It reported 8 employees.