Banner of the Truth Inc

Analysis

Banner of the Truth Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in August 2021, 5 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, Banner of the Truth Inc reported income of $83k and spending of $91k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $106k to $83k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Banner of the Truth Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within IN. Charities of a similar size with the same main cause include Tefco Ministries ($83k), St James Fellowship ($83k) and Lonnie Riley Ministries ($83k).

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 $59k against liabilities of $0, net assets of $59k.