Fuel for Truth Inc

Analysis

Fuel for Truth Inc is a registered charity in United States, based in Syosset, NY. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Fuel for Truth Inc reported income of $70k and spending of $83k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $170k to $70k (-59%), an average of -59% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fuel for Truth Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include LA Herlong Ministries ($70k), City of God Inc ($70k) and International Discipleship Ministries ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10.0% of the total. At year end it held assets of $155k against liabilities of $12k, net assets of $143k.