Truth Spring Incorporated

Analysis

Truth Spring Incorporated is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Truth Spring Incorporated reported income of $3.8m and spending of $3.0m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $647k to $3.8m (+486%), an average of +56% a year. The sharpest change came in the year to December 2021, when income rose by 227%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Truth Spring Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Transcen Inc ($3.8m), Pantheon Industries Inc ($3.8m) and Access Incorporated ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $131k (4.3% of expenses). Other salaries and wages came to $876k. At year end it held assets of $3.7m against liabilities of $14k, net assets of $3.7m. It reported 74 employees.