Timberlake Ministries Inc

Analysis

Timberlake Ministries Inc is a registered charity in United States, based in Millport, AL. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Timberlake Ministries Inc reported income of $660k and spending of $622k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $547k to $660k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Timberlake 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 74th percentile, and in the 77th percentile within AL. Charities of a similar size with the same main cause include Christian Television of New Orleans Inc ($660k), Northwest Ascending Campaign ($661k) and Gospel Hour Inc ($659k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $50k (8.0% of expenses). Other salaries and wages came to $155k. At year end it held assets of $1.5m against liabilities of $215k, net assets of $1.3m. It reported 4 employees.