Bible Truth Ministries Inc

Analysis

Bible Truth Ministries Inc is a registered charity in United States, based in Jenks, OK. It received its IRS tax-exemption ruling in August 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 (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, Bible Truth Ministries Inc reported income of $589k and spending of $496k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $257k to $589k (+129%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 156%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bible Truth Ministries Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OK. Charities of a similar size with the same main cause include Community Ministries Inc ($589k), Hong Shin Buddhist Center ($589k) and Oak Forest Retreat and Conference Center Inc ($588k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (4.9% of expenses). At year end it held assets of $200k against liabilities of $9,654, net assets of $190k.