Eternal Truth Ministries

Analysis

Eternal Truth Ministries is a registered charity in United States, based in Robbinsville, NC. It received its IRS tax-exemption ruling in January 2013, 13 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 March 2024, Eternal Truth Ministries reported income of $302k and spending of $317k, spending 105% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $218k to $302k (+38%), an average of +8.5% a year. The sharpest change came in the year to March 2024, when income rose by 103%. Over the whole period it spent 121% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Eternal Truth Ministries sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Turn Ministries ($302k), Faithtree Resources ($302k) and Build a Better US Inc ($302k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $5,288 (1.7% of expenses). Other salaries and wages came to $20k. At year end it held assets of $1.8m against liabilities of $36k, net assets of $1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.