Tre Ministries

Analysis

Tre Ministries is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in November 2018, 8 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, Tre Ministries reported income of $2.0m and spending of $671k, leaving 67% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $318k to $2.0m (+542%), an average of +153% a year. The sharpest change came in the year to December 2023, when income rose by 403%. Over the whole period it spent 47% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tre Ministries sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within SD. Charities of a similar size with the same main cause include Cham Doen Presbyterian Church Inc ($2.0m), Sheng-Yen Lu Foundation ($2.0m) and Catholic Community Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $65k (9.7% of expenses). Other salaries and wages came to $306k. At year end it held assets of $1.5m against liabilities of $7,693, net assets of $1.5m. It reported 22 employees.