Apostolic Tabernacle Ministries

Analysis

Apostolic Tabernacle Ministries is a registered charity in United States, based in Carolina Shor, NC. It received its IRS tax-exemption ruling in January 2022, 4 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, Apostolic Tabernacle Ministries reported income of $182k and spending of $142k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $130k to $182k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Apostolic Tabernacle Ministries sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include Trumpeter Ministries Inc ($182k), Woodwise-Severna Park Elderly Hsing ($182k) and Alhambra Religious Gurdwara ($182k).

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 $49k against liabilities of $7,717, net assets of $42k.