Truth Quest Ministries Inc

Analysis

Truth Quest Ministries Inc is a registered charity in United States, based in Tyrone, PA. It received its IRS tax-exemption ruling in November 2023, 3 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, Truth Quest Ministries Inc reported income of $117k and spending of $143k, spending 122% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $120k to $117k (-2.3%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truth Quest Ministries Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within PA. Charities of a similar size with the same main cause include Zichron Yakov ($117k), Friends of John Paul II Foundation of Philadelphia Inc ($117k) and Dar Alsalam Islamic Center ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.