Simple Truth Foundation Inc

Analysis

Simple Truth Foundation Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Simple Truth Foundation Inc reported income of $369k and spending of $372k, spending 101% of its income. Across the 4 years on record, from December 2018 to December 2023, income grew from $332k to $369k (+11%), an average of +3.6% a year. The sharpest change came in the year to December 2023, when income rose by 25%. 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, Simple Truth Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Immigrant Hope Santa Barbara Ca Inc ($369k), Broom Homestead Inc ($369k) and WRC North Fork Heights ($369k).

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 $40k (11% of expenses). Other salaries and wages came to $61k. At year end it held assets of $18k against liabilities of $17k, net assets of $1,138.