Truth Encounter Ministries

Analysis

Truth Encounter Ministries is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in March 2019, 7 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 Encounter Ministries reported income of $287k and spending of $428k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $287k (-76%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 66% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truth Encounter Ministries sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CO. Charities of a similar size with the same main cause include Centro Evangelistico Exaltando a Cristo ($287k), Church Planting America Inc ($287k) and Camp Living Waters ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.