Truth in Love Ministries

Analysis

Truth in Love Ministries is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 2022, 4 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 in Love Ministries reported income of $760k and spending of $759k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $627k to $760k (+21%), an average of +6.6% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truth in Love Ministries sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Alternatives ($759k), Islamic Center of Puget Sound ($760k) and Limmud Fsu International Foundation ($758k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $233k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 6 employees.