True to Life Foundation

Analysis

True to Life Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, True to Life Foundation reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $844k to $1.1m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, True to Life Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include A and a Educational Services Inc ($1.1m), Darien Youth Soccer Association Inc ($1.1m) and Cleveland Foundry ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $290k (24% of expenses). Other salaries and wages came to $602k. At year end it held assets of $443k against liabilities of $185k, net assets of $257k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.