Truck of Love

Analysis

Truck of Love is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Truck of Love reported income of $171k and spending of $344k, spending 201% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $171k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 105% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Truck of Love sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 56th percentile within SC. Charities of a similar size with the same main cause include Friends of Tapulanga Inc ($171k), Cura for the World Foundation ($171k) and Sister Nivedita Foundation USA Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $231k against liabilities of $0, net assets of $231k.