The Truth in the Spirit

Analysis

The Truth in the Spirit is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, The Truth in the Spirit reported income of $164k and spending of $169k, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $137k to $164k (+19%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Truth in the Spirit sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Ileri Inc ($164k), Fair Oak Youth Center ($164k) and Mindfulness Leader NFP ($164k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,388 against liabilities of $12k, net assets of -$10k.