True Soul Media Group

Analysis

True Soul Media Group is a registered charity in United States, based in Rogers, AR. It received its IRS tax-exemption ruling in November 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, True Soul Media Group reported income of $196k and spending of $162k, spending 83% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $193k to $196k (+1.6%), an average of +1.6% a year. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, True Soul Media Group sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within AR. Charities of a similar size with the same main cause include Hickory Music Factory Inc ($196k), Black Girl Rising Inc ($196k) and Johnstown State Theater Foundation ($196k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.