True Story

Analysis

True Story is a registered charity in United States, based in Arlington, MA. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, True Story reported income of $100k and spending of $51k, leaving 48% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $59k to $100k (+68%), an average of +68% a year. The sharpest change came in the year to June 2024, when income rose by 68%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, True Story sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include Richlands Area Citizens for the Arts Inc ($100k), Earth Creative ($100k) and Expressions Performing Arts School and Theatre Inc ($100k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 30% of the total. At year end it held assets of $243k against liabilities of $0, net assets of $243k.