True Life

Analysis

True Life is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in August 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 reported income of $516k and spending of $511k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $310k to $516k (+66%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 201%. Over the whole period it spent 56% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, True Life sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Summit Lake Bible Conference Inc ($516k), Gospel Wings International ($516k) and Destiny Sports Mission Inc ($516k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.2m against liabilities of $131k, net assets of $2.1m.