Steadfast Truth Ministries

Analysis

Steadfast Truth Ministries is a registered charity in United States, based in Melissa, TX. It received its IRS tax-exemption ruling in March 2020, 6 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, Steadfast Truth Ministries reported income of $102k and spending of $99k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $102k (+2.3%), an average of +2.3% a year. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Steadfast Truth Ministries sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Christs Footprints in Africa ($102k), Springs Gate Ministries ($102k) and Light of Loving Kindness ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,885 against liabilities of $0, net assets of $2,885.