Truth for Today Inc

Analysis

Truth for Today Inc is a registered charity in United States, based in West Union, SC. It received its IRS tax-exemption ruling in June 1962, 64 years ago. 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, Truth for Today Inc reported income of $60k and spending of $36k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $85k to $60k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Truth for Today Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within SC. Charities of a similar size with the same main cause include PTA Texas Congress ($60k), National Ambucs Inc ($60k) and Titan Fuel ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $554k against liabilities of $0, net assets of $554k.