Truth Encounter Ministries
EIN: 825126595 · Colorado Spgs, CO · NTEE: X12
| Metric | Value |
|---|---|
| Total Revenue | $426K |
| Total Expenses | $428K |
| Net Assets | $1.4M |
Is Truth Encounter Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Truth Encounter Ministries
Truth Encounter Ministries (EIN: 825126595) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code X12. The organization reported total revenue of $426K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Truth Encounter Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Truth Encounter Ministries is a small nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $287K |
| Total Expenses | $428K |
| Surplus / Deficit | $-140,775 |
| Total Assets | $1.4M |
| Net Assets | $1.4M |
| Operating Margin | -49.1% |
| Months of Reserves | 40.3 months |
Financial Health Grade: B
In 2023, Truth Encounter Ministries reported a deficit of $141K with expenses exceeding revenue, holds 40.3 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2018–2023), Truth Encounter Ministries's revenue has declined at a compound annual growth rate (CAGR) of -14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.3% | -1.4% | -8.7% |
| 2022 | -2.4% | +10.7% | -10.2% |
| 2021 | -46.5% | +3.2% | -6.3% |
| 2020 | -57.1% | +941.6% | +7.7% |
| 2019 | +85.6% | -74.3% | +246.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Truth Encounter Ministries has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Truth Encounter Ministries with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $141K, with expenses exceeding revenue.
Frequently Asked Questions about Truth Encounter Ministries
Is Truth Encounter Ministries a legitimate charity?
Truth Encounter Ministries (EIN: 825126595) is a registered tax-exempt nonprofit based in Colorado. It has 6 years of IRS 990 filings on record. Total revenue: $426K. No red flags identified. Financial health grade: B.
How does Truth Encounter Ministries spend its money?
Truth Encounter Ministries reported $426K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Truth Encounter Ministries tax-deductible?
Truth Encounter Ministries is registered as a tax-exempt nonprofit (EIN: 825126595). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Truth Encounter Ministries located?
Truth Encounter Ministries is headquartered in Colorado Spgs, Colorado and files with the IRS under EIN 825126595. It is classified under NTEE code X12.
How many years of IRS 990 filings does Truth Encounter Ministries have?
Truth Encounter Ministries has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $426K in total revenue.
Filing History
IRS 990 filing history for Truth Encounter Ministries showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Truth Encounter Ministries's revenue has declined by 55.3%, moving from $642K to $287K. Total assets increased by 186.7% over the same period, from $501K to $1.4M. Total functional expenses rose by 202.2%, from $142K to $428K. In its most recent filing year (2023), Truth Encounter Ministries reported a deficit of $141K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $287K | $428K | $1.4M | $0 | — | View 990 |
| 2022 | $267K | $434K | $1.6M | $0 | — | View 990 |
| 2021 | $274K | $392K | $1.8M | $0 | — | View 990 |
| 2020 | $512K | $380K | $1.9M | $0 | — | View 990 |
| 2019 | $1.2M | $36K | $1.7M | $0 | — | View 990 |
| 2018 | $642K | $142K | $501K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $287K, expenses of $428K, and assets of $1.4M (revenue +7.3% year-over-year).
- 2022: Revenue of $267K, expenses of $434K, and assets of $1.6M (revenue -2.4% year-over-year).
- 2021: Revenue of $274K, expenses of $392K, and assets of $1.8M (revenue -46.5% year-over-year).
- 2020: Revenue of $512K, expenses of $380K, and assets of $1.9M (revenue -57.1% year-over-year).
- 2019: Revenue of $1.2M, expenses of $36K, and assets of $1.7M (revenue +85.6% year-over-year).
- 2018: Revenue of $642K, expenses of $142K, and assets of $501K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Truth Encounter Ministries:
Data Sources and Methodology
This transparency report for Truth Encounter Ministries is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.