Truth78

Analysis

Truth78 is a registered charity in United States, based in Eagan, MN. It received its IRS tax-exemption ruling in October 2015, 11 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 June 2023, Truth78 reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $825k to $1.2m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truth78 sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Lithuanian Catholic Religious Aid Inc ($1.2m), Denver Institute ($1.2m) and Mission of Divine Mercy Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $220k (17% of expenses). Other salaries and wages came to $505k. At year end it held assets of $621k against liabilities of $464k, net assets of $157k. It reported 13 employees.