Tri-Cities Ministries

Analysis

Tri-Cities Ministries is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in February 2017, 9 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, Tri-Cities Ministries reported income of $82k and spending of $66k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $82k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tri-Cities Ministries sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Cricket Hill Academy for Horsemanship Inc ($82k), Desert Sol Inc ($82k) and Society of St Vincent de Paul St Mary Conference Seaview Wa ($82k).

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 $67k against liabilities of $0, net assets of $67k.