Truth Ministries Inc

Analysis

Truth Ministries Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Ministries Inc reported income of $345k and spending of $67k, leaving 81% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $545k to $345k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 33% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Truth Ministries Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within KS. Charities of a similar size with the same main cause include The Legacy Center Inc ($345k), Woodward Families Helping Families Inc ($345k) and Chesterfield Courts Inc ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $5,500 (8.2% of expenses). At year end it held assets of $1.5m against liabilities of $218k, net assets of $1.3m.