Proclaiming the Truth Inc

Analysis

Proclaiming the Truth Inc is a registered charity in United States, based in Lisle, IL. It received its IRS tax-exemption ruling in March 1957, 69 years ago. 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, Proclaiming the Truth Inc reported income of $207k and spending of $237k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $215k to $207k (-3.6%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Proclaiming the Truth Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Footbridge ($207k), Pennsylvania Newsmedia Association Foundation ($207k) and The Georgetown Bulldog Booster Club ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 56% of the total. Other salaries and wages came to $97k. At year end it held assets of $303k against liabilities of $2,445, net assets of $301k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.