Truth and Life Ministries Inc

Analysis

Truth and Life Ministries Inc is a registered charity in United States, based in Douglasville, GA. It received its IRS tax-exemption ruling in January 2016, 10 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 and Life Ministries Inc reported income of $58k and spending of $68k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $58k (+12%), an average of +12% a year. Over the whole period it spent 129% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truth and Life Ministries Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within GA. Charities of a similar size with the same main cause include Buddha Sasana Temple ($58k), Iglesia Cristiana Camino Desalvacion ($58k) and St Clare Ecumenical Catholic Community ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.