Timothy Ministry Inc

Analysis

Timothy Ministry Inc is a registered charity in United States, based in Woodstock, GA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Timothy Ministry Inc reported income of $949k and spending of $861k, spending 91% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $620k to $949k (+53%), an average of +11% a year. The sharpest change came in the year to May 2022, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Timothy Ministry Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include Hands & Voices Inc ($949k), The University of Mount Olive Foundaiton ($949k) and Trimont Christian Academy ($948k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $148k (17% of expenses). Other salaries and wages came to $354k. At year end it held assets of $456k against liabilities of $250k, net assets of $206k. It reported 122 employees.