Paul Tripp Ministries Inc

Analysis

Paul Tripp Ministries Inc is a registered charity in United States, based in Coopersburg, PA. It received its IRS tax-exemption ruling in March 2007, 19 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, Paul Tripp Ministries Inc reported income of $2.0m and spending of $2.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $710k to $2.0m (+180%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Paul Tripp Ministries Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Missions Resource Network ($2.0m), Ave Maria Communications ($2.0m) and Celebrate Life International Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $443k (22% of expenses). Other salaries and wages came to $452k. At year end it held assets of $1.6m against liabilities of $232k, net assets of $1.4m. It reported 15 employees.