Tumaini Ministries

Analysis

Tumaini Ministries is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in July 2003, 23 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, Tumaini Ministries reported income of $654k and spending of $738k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $654k (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tumaini Ministries sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include Connectsafely Inc ($654k), United Way of Greenbrier Valley Inc ($654k) and Missouri Veterans Endeavor ($654k).

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 $29k (4.0% of expenses). Other salaries and wages came to $123k. At year end it held assets of $2.6m against liabilities of $11k, net assets of $2.6m. It reported 3 employees.