Garner Ted Armstrong Evangelistic Association 01021998

Analysis

Garner Ted Armstrong Evangelistic Association 01021998 is a registered charity in United States, based in Flint, TX. It received its IRS tax-exemption ruling in September 1998, 28 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, Garner Ted Armstrong Evangelistic Association 01021998 reported income of $592k and spending of $715k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $693k to $592k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Garner Ted Armstrong Evangelistic Association 01021998 sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Ywam Emerge ($592k), Ebenezer Building Foundation Inc ($592k) and Matthias Media Ministries ($592k).

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 $57k (7.9% of expenses). Other salaries and wages came to $292k. At year end it held assets of $1.5m against liabilities of $3,328, net assets of $1.5m. It reported 11 employees.