Truly Valued Inc

Analysis

Truly Valued Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, Truly Valued Inc reported income of $347k and spending of $277k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $71k to $347k (+385%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 83% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Truly Valued Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Cinco Ranch High School Athletic Booster Club ($346k), Central Floridas Youth Club of America Corp ($347k) and First Tee of Miami-Dade Foundation Inc ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.4% of the total. Other salaries and wages came to $117k. At year end it held assets of $163k against liabilities of $0, net assets of $163k. It reported 10 employees.