Truth of Life Inc

Analysis

Truth of Life Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Truth of Life Inc reported income of $147k and spending of $138k, spending 94% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $276k to $147k (-47%), an average of -47% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truth of Life Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Dave Walton Evangelistic Association Inc ($147k), Wofl Inc ($147k) and Asians for Christ ($147k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $98k (71% of expenses). At year end it held assets of $196k against liabilities of $62, net assets of $196k. It reported 1 employees.