True the Vote Inc

Analysis

True the Vote Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 the Vote Inc reported income of $4.2m and spending of $5.0m, spending 121% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $436k to $4.2m (+855%), an average of +57% a year. The sharpest change came in the year to December 2020, when income rose by 588%. Over the whole period it spent 108% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, True the Vote Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include King of Kings Foundation ($4.2m), Manatee Childrens Services Incorporated ($4.2m) and Vanessa Behan ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $180k (3.6% of expenses). Other salaries and wages came to $97k. At year end it held assets of $971k against liabilities of $1.8m, net assets of -$853k. It reported 3 employees.