Living Truth Academy

Analysis

Living Truth Academy is a registered charity in United States, based in Carlsbad, NM. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Living Truth Academy reported income of $81k and spending of $77k, spending 95% of its income. Across the 2 years on record, from May 2023 to May 2024, income fell from $85k to $81k (-4.5%), an average of -4.5% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Living Truth Academy sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 27th percentile within NM. Charities of a similar size with the same main cause include Cherry Park Elementary School PTO ($81k), Creative Opportunities Unlimited ($81k) and Life Fund Inc ($81k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 13% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.