Truth Publications Inc

Analysis

Truth Publications Inc is a registered charity in United States, based in Athens, AL. It received its IRS tax-exemption ruling in December 1972, 54 years ago. 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 September 2024, Truth Publications Inc reported income of $644k and spending of $540k, spending 84% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $484k to $644k (+33%), an average of +7.4% a year. The sharpest change came in the year to September 2022, when income rose by 32%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Truth Publications Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within AL. Charities of a similar size with the same main cause include Laurel House Inc ($644k), National Church Residences Huffman Place Dayton Oh ($644k) and Options Inc ($644k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 1.7% of the total. Other salaries and wages came to $200k. At year end it held assets of $742k against liabilities of $155k, net assets of $587k. It reported 23 employees.