Studio Ten Ministries Inc

Analysis

Studio Ten Ministries Inc is a registered charity in United States, based in Brownsburg, IN. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Studio Ten Ministries Inc reported income of $1.0m and spending of $599k, leaving 43% of income unspent that year. Across the 6 years on record, from December 2017 to December 2023, income grew from $709k to $1.0m (+48%), an average of +8.1% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Studio Ten Ministries Inc 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 80th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Lamor Village Emergency Shelter ($1.0m), Calvary Home for Children ($1.0m) and FGFF Rapha International Center Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $42k (7.0% of expenses). Other salaries and wages came to $36k. At year end it held assets of $3.8m against liabilities of $37k, net assets of $3.7m. It reported 5 employees.