Truthful Beginnings

Analysis

Truthful Beginnings is a registered charity in United States, based in Safford, AZ. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Truthful Beginnings reported income of $146k and spending of $194k, spending 133% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $156k to $146k (-6.1%), an average of -6.1% a year. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Truthful Beginnings 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 47th percentile, and in the 44th percentile within AZ. Charities of a similar size with the same main cause include Youth Enhancement Services ($146k), Dunkerton Educational Coalition Inc ($146k) and Eastern Atlantic States Regional Co Uncil of Carpenters Scholarship Fu ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. At year end it held assets of $15k against liabilities of $32k, net assets of -$17k.