Truth Renewed

Analysis

Truth Renewed is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Truth Renewed reported income of $178k and spending of $172k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $199k to $178k (-11%), an average of -11% a year. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truth Renewed sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Harvest Intercontinental Church- Charlotte ($178k), Society of St Vincent de Paul St Pius X Conference ($178k) and Saint John Bosco Camps ($178k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. At year end it held assets of $49k against liabilities of $1,506, net assets of $48k.