Oracles of Truth

Analysis

Oracles of Truth is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in July 2018, 8 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, Oracles of Truth reported income of $235k and spending of $153k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $342k to $235k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oracles of Truth sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Saint Ignace Area Hope ($235k), At Home on the Sound Inc ($235k) and Our Mother of Perpetual Help Educational Program ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $36k. At year end it held assets of $83k against liabilities of $0, net assets of $83k.