Tomagwa Ministries Inc

Analysis

Tomagwa Ministries Inc is a registered charity in United States, based in Tomball, TX. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2022, Tomagwa Ministries Inc reported income of $4.5m and spending of $4.0m, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $3.5m to $4.5m (+30%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tomagwa Ministries Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Olalla Recovery Centers ($4.5m), Midwest Asian Health Association - Maha ($4.5m) and Cincinnati Cancer Foundation Inc ($4.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 92% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $160k (4.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.6m against liabilities of $1.2m, net assets of $2.4m. It reported 39 employees.