Compassion for Truth and Hope Ministries

Analysis

Compassion for Truth and Hope Ministries is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Compassion for Truth and Hope Ministries reported income of $82k and spending of $116k, spending 142% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $82k (-7.7%), an average of -7.7% a year. Over the whole period it spent 138% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Compassion for Truth and Hope Ministries sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include Atwater Community Church ($81k), Book of Acts Ministries Inc ($82k) and Jackson Heights Meditation Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.