Truthout

Analysis

Truthout is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2023, Truthout reported income of $2.7m and spending of $2.7m, spending 101% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $2.0m to $2.7m (+35%), an average of +10% a year. The sharpest change came in the year to April 2021, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Truthout sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Boston Baroque Inc ($2.7m), Chosen Vale Inc ($2.7m) and Battle of Franklin Trust Inc ($2.7m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $204k (7.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $875k against liabilities of $201k, net assets of $674k. It reported 26 employees.