True to Life Ministries

Analysis

True to Life Ministries is a registered charity in United States, based in Lake Jackson, TX. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 to Life Ministries reported income of $773k and spending of $778k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $922k to $773k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, True to Life Ministries 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 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Acadiana Regional Coalition on Homelessness and Housing ($772k), Christ Child Society of Omaha ($773k) and Hope Institute ($772k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $62k (8.0% of expenses). Other salaries and wages came to $365k. At year end it held assets of $1.4m against liabilities of $29k, net assets of $1.4m. It reported 21 employees.