Tim Lee Ministries

Analysis

Tim Lee Ministries is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in June 1989, 37 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, Tim Lee Ministries reported income of $900k and spending of $1.0m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $991k to $900k (-9.1%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tim Lee Ministries sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Issaquah Schools Foundation ($900k), Rockland Teachers Center Institute ($901k) and Bayonet Point Area Housing Inc ($900k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $183k (18% of expenses). Other salaries and wages came to $170k. At year end it held assets of $385k against liabilities of $11k, net assets of $375k. It reported 8 employees.