Triple M Ministries Inc

Analysis

Triple M Ministries Inc is a registered charity in United States, based in Philadelphia, MS. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Triple M Ministries Inc reported income of $91k and spending of $66k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $91k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 51% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Triple M Ministries Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within MS. Charities of a similar size with the same main cause include Hungry Hearts Feeding Ministry Inc ($91k), Tehillim46 ($91k) and Culture Shield Network ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $202k against liabilities of $120k, net assets of $82k.