True North 406 Ministries Inc

Analysis

True North 406 Ministries Inc is a registered charity in United States, based in Kalispell, MT. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, True North 406 Ministries Inc reported income of $70k and spending of $52k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $70k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, True North 406 Ministries Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 24th percentile within MT. Charities of a similar size with the same main cause include Project Boon Inc ($70k), Life Is Hope ($70k) and Community Zone ($70k).

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 $31k against liabilities of $0, net assets of $31k.