The Timothy Initiative
The Timothy Initiative reported $22.7 million in revenue and $21.7 million in expenses for calendar year 2023. Of every $100 it spent, $86.58 went to program services, $5.60 to management and general costs and $7.82 to fundraising. Its largest source of revenue was contributions and grants: 96.0% of the total. The highest compensation it reported for one person was $274,425 (CEO & PRESID). 6 people received more than $100,000 in reportable compensation. Revenue rose 147% between 2019 and 2023. Source: Form 990, 2023.
Where $100 of spending went
Calendar year 2023 · Form 990, Part IX, line 25 · total expenses $22MFor context, the median across 290 covered religion-related charities: $88.39 programs, $9.62 management, $1.99 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2023 · Form 990, Part VIII · total revenue $23MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2023 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.6% | 86.0% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.6% | 9.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 7.8% | 1.9% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 96.0% | 83.4% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 2.3% |
| Highest reported compensation Part VII-A, columns D–F | $274,425 | $276,040 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.26% | 1.40% |
| People paid over $100,000 Part VII, line 2 | 6 | 4 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 15.1 | 12.7 |
| Independent voting board members Part VI 1a–1b | 8 of 10 | 90.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2023 · Form 990, Part III · the three largest programs by expenseProjects in asia focus on disciple making, church planting and leadership developmentin and through indigenous leadership, we work in places and among people who have little to no access to the gospel. The primary aim of all efforts result in new disciples made and multiplied, new churches planted and multiplied, new leaders raised up multiplied, orphans and widows taken in and cared for by the local church, unreached people groups and unreached places engaged
Projects in africa focus on disciple making, church planting and leadership developmentin and through indigenous leadership, we work in places and among people who have little to no access to the gospel. The primary aim of all efforts result in new disciples made and multiplied, new churches planted and multiplied, new leaders raised up multiplied, orphans and widows taken in and cared for by the local church, unreached people groups and unreached places engaged
Projects in the americas focus on disciple making, church planting and leadership developmentin and through indigenous leadership, we work in places and among people who have little to no access to the gospel. The primary aim of all efforts result in new disciples made and multiplied, new churches planted and multiplied, new leaders raised up multiplied, orphans and widows taken in and cared for by the local church, unreached people groups and unreached places engaged
Highest reported compensation
2023 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO & PRESID Director/trustee, officer, 40.00 hrs/week | $210,531 | $0 | $63,894 | $274,425 |
| FOUNDER Director/trustee, officer, 40.00 hrs/week | $226,651 | $0 | $24,861 | $251,512 |
| CHIEF DEVEL Highest compensated employee, 40.00 hrs/week | $164,189 | $0 | $59,397 | $223,586 |
| COO Highest compensated employee, 40.00 hrs/week | $112,591 | $0 | $95,888 | $208,479 |
| INT'L MINIST Highest compensated employee, 40.00 hrs/week | $115,346 | $0 | $27,305 | $142,651 |
| INT'L OPERAT Highest compensated employee, 40.00 hrs/week | $112,846 | $0 | $21,816 | $134,662 |
| BOARD CHAIR Director/trustee, 5.00 hrs/week | $0 | $0 | $33,333 | $33,333 |
6 people received more than $100,000 in reportable compensation from The Timothy Initiative (Part VII, line 2). Compensation of current officers, directors and key employees totaled $437K (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2023 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 552
- Volunteers Part I, line 6225
Largest outside contractors
2023 · Form 990, Part VII, Section B · businesses only| M28 GLOBAL Software devo | $703,632 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
10 private foundations reported grants to The Timothy Initiative totaling $1.1M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Timothy Initiative's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Timothy Initiative, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Timothy Initiative spent in 2023, $86.58 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Elijah List MinistriesAlbany, OR · revenue $22M · programs 64.7% · 2024
- Lifeline Children's ServicesBirmingham, AL · revenue $23M · programs 78.3% · 2025
- Chabad on Campus InternationalBrooklyn, NY · revenue $22M · programs 83.4% · FY2025
- Far East Broadcasting CompanyFrisco, TX · revenue $23M · programs 82.2% · FY2025
- Shalom Ministries InternationaDublin, OH · revenue $22M · programs 94.1% · 2024
All religion-related charities · Largest charities in North Carolina
Questions people ask
How much of The Timothy Initiative's spending goes to programs?
In calendar year 2023, The Timothy Initiative reported that 86.6% of its $21.7 million in expenses went to program services, 5.6% to management and general and 7.8% to fundraising (Form 990, Part IX).
How much does The Timothy Initiative pay its top executive?
The largest total compensation The Timothy Initiative reported for one person in calendar year 2023 was $274,425, for the role of CEO & PRESID (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Timothy Initiative get its money?
Of $22.7 million in revenue in calendar year 2023, 96.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is The Timothy Initiative a registered charity?
The IRS lists EIN 80-0472803 as a 501(c)(3) organization (church), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2023: Form 990 for calendar year 2023, object 202412929349300921 · read the filing · XML
- 2022: Form 990 for calendar year 2022, object 202342139349300829 · read the filing
- 2021: Form 990 for calendar year 2021, object 202212279349300431 · read the filing
- 2020: Form 990 for calendar year 2020, object 202141329349303159 · read the filing
- 2019: Form 990 for calendar year 2019, object 202041549349300109 · read the filing
All filings for EIN 80-0472803: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.