True Homes Foundation Inc

Analysis

True Homes Foundation Inc is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2019, True Homes Foundation Inc reported income of $555k and spending of $332k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2018 to December 2019, income grew from $527k to $555k (+5.3%), an average of +5.3% a year. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, True Homes Foundation Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Capital Area United Way Inc ($555k), Green Valley Community Fund Inc ($555k) and Anthroposophia Foundation ($555k).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $8,486, net assets of $1.2m.