Pilgrim Tract Society Inc
Nonprofit profile at a glance
- EIN
- 566001577
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Randleman, NC, USA
- Phone
- 3364951241
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Protestant
- Affiliation
- Christianity
Reported finances
- Revenue
- $517,962
- Expenses
- $479,350
- Assets
- $771,442
- Liabilities
- $350,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- M Chris Hancock (President & Editor)
Highest reported compensation
- M Chris Hancock (President & Editor): $26,790 total reported compensation
- Sandra Hancock (Secretary & Treasurer): $26,565 total reported compensation
- John E Henderson (Cutter operator, Maintenance Manager): $13,600 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To print the Gospel of Jesus Christ and spread worldwide the Word of God through the means of the printed page, printing Gospel Tracts and pamphlets in many languages and shipping worldwide to churches, Christian workers, missionaries around the world. Shipping Bibles, Christian books and literature worldwide to aid the education and Christian growth spiritually of Christians all around the world. To spread the glorious Gospel of Jesus Christ around the world through the means of the printed page.
What it reported doing in 2024
This amount represents the cost of printing approximately 40 to 60 million Gospel Tracts, pamphlets, and shipping them to countries all over the world to provide churches, ministries, evangelists, and Christians around the world with literature for training, spiritual growth, and for the advancement and spreading of the Word of God worldwide through the means of the printed page. Millions and millions of people around the world have benefited from using these materials to further their education and learning. These Tracts and pamphlets will benefit many people for many years to come as they are read and reread and passed around to others to read.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 85
- Accountability: 5
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.6%; rating input score 93
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 1 of 9 controls in place; rating input score 11
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 7.5%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 1.61; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.45; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 14%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 10.4% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 12.2% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 3.1% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 92.6% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 6 board members independent · 1 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $479K in reported program spending
- Leadership: top reported pay $27K · 3 people listed
- Consistency: 40 of 41 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 7 of 8 not reported.
- Review — Sustainability: Operating margin scored 56/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- High — Sustainability: Officer compensation ratio scored 25/100.