Christ the Truth Ministries Inc

Analysis

Christ the Truth Ministries Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Christ the Truth Ministries Inc reported income of $235k and spending of $193k, spending 82% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $323k to $235k (-27%), an average of -27% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Christ the Truth Ministries Inc 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 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include International Association of Chaplainsliberation for All Souls ($235k), Eckhart Tolle Foundation ($235k) and Veritas Shapes Ministries International Inc ($235k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (31% of expenses). Other salaries and wages came to $83k. At year end it held assets of $78k against liabilities of $43k, net assets of $34k. It reported 3 employees.