Truth Incorporated

Analysis

Truth Incorporated is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1986, 40 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 Incorporated reported income of $102k and spending of $103k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $102k (+98%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 5647%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truth Incorporated sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Gospel Messengers Inc ($102k), Light of Hope Foundation for Indonesia ($102k) and International House of Prayer of Greater Fort Wayne ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $17k against liabilities of $5,116, net assets of $12k.