Buggy of Truth Ministries

Analysis

Buggy of Truth Ministries is a registered charity in United States, based in Soperton, GA. It received its IRS tax-exemption ruling in February 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, Buggy of Truth Ministries reported income of $67k and spending of $74k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $161k to $67k (-59%), an average of -59% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Buggy of Truth Ministries sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within GA. Charities of a similar size with the same main cause include Closer Walk Ministries ($67k), Get Up and Go Ministries Corporation ($67k) and Training Evangelistic Leadership Inc ($67k).

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 $5,535 against liabilities of $0, net assets of $5,535.