True Value Foundation

Analysis

True Value Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Value Foundation reported income of $646k and spending of $755k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $646k (-44%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, True Value Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Repair the Breach Ministries ($646k), Folds of Honor Foundation ($646k) and Montessori Childrens House of York Inc ($646k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. Compensation of current officers, directors and key employees was $86k (11% of expenses). At year end it held assets of $354k against liabilities of $51k, net assets of $303k.