Truth Academy

Analysis

Truth Academy is a registered charity in United States, based in El Paso, IL. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Truth Academy reported income of $153k and spending of $74k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $153k (+156%), an average of +156% a year. The sharpest change came in the year to December 2023, when income rose by 156%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Truth Academy sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Ellenville Nursery School ($153k), Bernard M Baruch College Alumni Association Inc ($153k) and Diablo Valley School ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 21% of the total. At year end it held assets of $103k against liabilities of $1,649, net assets of $101k.