Truartspeaks

Analysis

Truartspeaks is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Truartspeaks reported income of $402k and spending of $270k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $103k to $402k (+292%), an average of +58% a year. The sharpest change came in the year to December 2022, when income rose by 103%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Truartspeaks sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Turkish American Arts Society of New York ($402k), Mosaic Multicultural Foundation ($402k) and Little Compton Historical Society Inc ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $86k (32% of expenses). Other salaries and wages came to $7,220. At year end it held assets of $189k against liabilities of $5,994, net assets of $183k. It reported 2 employees.