True Light Christian Assembly EIN 45-4538969 Form 990 (PDF) Claim this org

True Light Christian Assembly

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True Light Christian Assembly is a religious organization based in Rosharon, TX. For fiscal year 2024 it reported $989K in revenue, $398K in expenses, and $1.7M in net assets.Pt I

Type
Religious organization · Religion
Location
Rosharon, TX
Filings
4 on file (2020–2024)
Revenue
$989KFY2024
Expenses
$398K
Net assets
$1.7M
People
3
Filings
4
Updates
0
More identity details & actions ⌄
EIN  45-4538969 Religious organization Rosharon, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
a religious organization
Leadership
Kevin John · Treasurer
Money in and out
$989K revenue, $398K expenses
Bottom line
44% program efficiency
Where the money goes · FY2024
Total revenue
$989K
Pt VIII · Ln 12
Total expenses
$398K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $591K
Where spending went · Part IX cols B–D
Program services $0.44 Management & general $0.56
Program efficiency
44%
of spending reaches programs▼ -45% vs prior filing year
Operating runway
3.4mo
months of highly liquid reserves at operating expense rate▼ -68% vs prior filing year
Surplus margin
+60%
revenue over expenses, this year▲ ×15 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$989K
FY2024▲ +246%
Expenses
$398K
FY2024▲ +33%
Total assets
$4.0M
FY2024▲ +14%
Total liabilities
$2.3M
FY2024▼ -4%
Total revenue
$989K
Pt VIII · Ln 12
Total expenses
$398K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$591K
Total assetsPt X · Ln 16$4.0M
Program-expense ratioPt IX · col B44%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTrue Light Christian Assembly
EINHdr · item D45-4538969
Principal addressHdr · item CRosharon, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X21)
Ruling yearIRS BMFFeb 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Pastor
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $176K of program spending, described in the organization's own filed words · FY2024.
01

Charity

$176Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$989K
Total revenueLn 12$989K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.44 Management & general $0.56
Program services44%$176K
Management & general56%$223K
Total functional expensesLn 25$398K

Balance Sheet

Part X · end of year
CashLn 1$113K
Total assetsLn 16$4.0M
Total liabilitiesLn 26$2.3M
Total net assetsLn 32$1.7M
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $113K · Operating expenses/yr $398K
3.4 months
Where the money goes
Program services
Program services $176K · Total expenses $398K
44%
Management & General
Management & general $223K · Total expenses $398K
56%
Fundraising
Fundraising $0 · Total expenses $398K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $516K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $989K · Total revenue $989K
100%
Government reliance
Government grants — · Total revenue $989K
Earned-income share
Program service revenue $0 · Total revenue $989K
0%
Investment reliance
Investment income $0 · Total revenue $989K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $398K
0%
Growth & trend
Revenue growth (YoY)
This year $989K · Prior year $286K
+246%
Revenue CAGR
FY2020 $223K · FY2024 $989K
+45%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $989K · Expenses $398K
+60%
Liabilities-to-Assets
Total liabilities — · Total assets $4.0M
Net-asset ratio
Net assets $1.7M · Total assets $4.0M
43%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kevin John · Reported title TREASURER · Highest reported compensation $0 · Total expenses $398K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $103K · Total expenses $398K
26%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 44%
Overhead ratio 56%
Fundraising cost ratio 0%
Revenue growth 246%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$100K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$989K revenue · viewing · ⤓ 990 PDF
FY2023$286K revenue · ⤓ 990 PDF
FY2022$467K revenue · ⤓ 990 PDF
FY2021not on file
FY2020$223K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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