Ministerios Tierra Prometida Inc

Analysis

Ministerios Tierra Prometida Inc is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Ministerios Tierra Prometida Inc reported income of $614k and spending of $505k, spending 82% of its income. Across the 2 years on record, from December 2020 to December 2021, income grew from $30 to $614k (+2047677%), an average of +2047677% a year. The sharpest change came in the year to December 2021, when income rose by 2047677%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ministerios Tierra Prometida 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 77th percentile within TX. Charities of a similar size with the same main cause include North 34th Street Foundation for Jewish Campus Life ($614k), Trinity Episcopal Church of Fort Worth Inc Foundation ($615k) and The Clubhouse Center for Respite and Inclusion Inc ($614k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 40% of the total. At year end it held assets of $6.4m against liabilities of $6.3m, net assets of $109k. It reported 1 employees.