Truth Academy Inc

Analysis

Truth Academy Inc is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Truth Academy Inc reported income of $156k and spending of $147k, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $142k to $156k (+10%), an average of +10% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Truth Academy Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within MO. Charities of a similar size with the same main cause include Nipomo Food Basket ($156k), Bernie L Bates Foundation Inc ($156k) and United Scholarships Incorporated ($156k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. At year end it held assets of $26k against liabilities of $2,025, net assets of $24k.