Unashamed Truth Ministries

Analysis

Unashamed Truth Ministries is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 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 (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, Unashamed Truth Ministries reported income of $173k and spending of $138k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $173k (+85%), an average of +85% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Unashamed Truth Ministries sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Turning Point Church of Bay City TX ($173k), Til He Returns ($173k) and Sowers Ministry Inc ($173k).

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 $114k against liabilities of $3,388, net assets of $111k.