Rust Street Ministries

Analysis

Rust Street Ministries is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in July 2014, 12 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, Rust Street Ministries reported income of $733k and spending of $623k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $722k to $733k (+1.4%), an average of +0.4% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 60% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Rust Street Ministries sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include East Texas Baptist Encampment ($732k), Psalm 119 Association Inc ($733k) and Bo de Monastery-Tu Vien Bo de ($732k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $2.9m against liabilities of $6,216, net assets of $2.8m.