True Life Inc

Analysis

True Life Inc is a registered charity in United States, based in Forest Hill, MD. It received its IRS tax-exemption ruling in September 2014, 12 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, True Life Inc reported income of $247k and spending of $217k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $247k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, True Life Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include Catholic Youth Camps Inc ($247k), Harvest Mission to the Unreached ($247k) and Our Sacred Space Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $91k (42% of expenses). Other salaries and wages came to $53k. At year end it held assets of $60k against liabilities of $1,817, net assets of $58k. It reported 11 employees.