PILGRIM TRACT SOCIETY INC

EIN: 566001577 501(c)(3) Religion

Randleman, NC

Total Revenue
$439,784
Total Expenses
$405,555
Total Assets
$768,911
Net Assets
$382,830
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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
NC
Principal Officer
Chris Hancock
Phone
3364951241
Tax Period
2023-01-01 to 2023-12-31

PILGRIM TRACT SOCIETY INC, founded in 1938, is a small nonprofit in the Religion sector that reported $440K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $406K left a modest 8% surplus.

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.

Program Service Accomplishments

Program 1
Expenses: $367,362 Revenue: $0

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...

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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.

Program 2
Expenses: $11,417 Revenue: $0

This amount represents what we used to purchase Bibles, New Testaments, Christian literature to distribute, and ship out freely for free distribution by churches, ministries, and Christian workers...

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This amount represents what we used to purchase Bibles, New Testaments, Christian literature to distribute, and ship out freely for free distribution by churches, ministries, and Christian workers around the world for the training, education, and spiritual growth of Christian workers, Pastors, and new converts around the world. Countless numbers of people around the world will benefit from these Bibles for many years.

Program 3
Expenses: $26,776 Revenue: $0

This amount represents what we paid to have our tracts, pamphlets, translated, printed, and distributed in India, Myanmar (Burma), Pakistan, Haiti, and Liberia, and for ongoing missionary work in...

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This amount represents what we paid to have our tracts, pamphlets, translated, printed, and distributed in India, Myanmar (Burma), Pakistan, Haiti, and Liberia, and for ongoing missionary work in those countries. Countless numbers of Christian workers and churches have received benefit from our Gospel Literature as a result of our efforts in these countries overseas.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $439,784
TOTAL REVENUE $439,784

Expense Breakdown

Grants Paid $0
Salaries & Benefits $153,600
Fundraising Expenses $0
Program Expenses $405,555
Other Expenses $251,955
TOTAL EXPENSES $405,555

Year-over-Year Comparison

2023 2022 Change
Revenue $439,784 $331,967 +0.3%
Expenses $405,555 $367,605 +0.1%
Net Income $34,229 $-35,638 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
N/A
Employees
6
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$64,620
Total Directors
0
$0
Key Employees
3
$64,620
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
M Chris Hancock President & Editor 40
Officer Key Emp Highest
$25,970 $0 $25,970
Sandra Hancock Secretary & Treasurer 40
Officer Key Emp
$25,400 $0 $25,400
John E Henderson Cutter operator, Maintenance Manager 30
Officer Key Emp
$13,250 $0 $13,250
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $439,784 $405,555 $768,911 $34,229
2022 $331,967 $367,605 $704,846 $-35,638
2021 $309,036 $305,205 $688,814 $3,831
2020 $321,775 $309,823 $690,234 $11,952
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