True Costs Initiative Inc

Analysis

True Costs Initiative Inc is a registered charity in United States, based in Brookline, MA. It received its IRS tax-exemption ruling in March 2017, 9 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, True Costs Initiative Inc reported income of $1.1m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $309k to $1.1m (+268%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, True Costs Initiative Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Friends of New Curators Inc ($1.1m), Cova Agua ($1.1m) and Mitzvah for Ukraine Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $310k (29% of expenses). Other salaries and wages came to $389k. At year end it held assets of $212k against liabilities of $18k, net assets of $194k.