Thrasher Ministries Inc

Analysis

Thrasher Ministries Inc is a registered charity in United States, based in Shelburn, IN. It received its IRS tax-exemption ruling in May 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, Thrasher Ministries Inc reported income of $120k and spending of $117k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $120k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Thrasher Ministries Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within IN. Charities of a similar size with the same main cause include Verge Network ($120k), Red Barn Spiritual Retreats Inc ($120k) and Iglesia Bautista Libertad ($120k).

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 $29k against liabilities of $23k, net assets of $5,970.