Center for Truth in Love Inc

Analysis

Center for Truth in Love Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Center for Truth in Love Inc reported income of $477k and spending of $295k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $260k to $477k (+84%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 79% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Center for Truth in Love Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Tawasaw ($477k), Nnaji Family Foundation ($477k) and West Boca Basketball Inc ($476k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 11% of the total. Other salaries and wages came to $203k. At year end it held assets of $297k against liabilities of $0, net assets of $297k. It reported 5 employees.