Truth for Youth Inc

Analysis

Truth for Youth Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Truth for Youth Inc reported income of $106k and spending of $60k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $78k to $106k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Truth for Youth Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Family Impact Centers ($106k), People in Need Inc ($106k) and Fairmont Area Kinship Inc ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 17% of the total. At year end it held assets of $827k against liabilities of $792k, net assets of $36k.