Truth Matters TR

Analysis

Truth Matters TR is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2020, 6 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 2023, Truth Matters TR reported income of $202k and spending of $180k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $202k (+87%), an average of +87% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Truth Matters TR sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Lien Hoa Buddhist Temple-Chua Lien Hoa ($202k), Men of Valor Inc ($202k) and Calvary Cornerstone ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (47% of expenses). At year end it held assets of $50k against liabilities of $13k, net assets of $37k.