Truth for Life

Analysis

Truth for Life is a registered charity in United States, based in Solon, OH. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Truth for Life reported income of $24.0m and spending of $21.1m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.4m to $24.0m (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truth for Life sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Mission of Hope ($23.8m), Word of Life Foundation Inc ($24.5m) and Dynamic Catholic Institute ($23.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $637k (3.0% of expenses). At year end it held assets of $34.7m against liabilities of $1.3m, net assets of $33.4m. It reported 40 employees.