Truth Initiative Foundation

Analysis

Truth Initiative Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2024, Truth Initiative Foundation reported income of $73.1m and spending of $107.3m, spending 147% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $57.7m to $73.1m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 60%. Over the whole period it spent 140% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Truth Initiative Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within DC. Charities of a similar size with the same main cause include Community Health Resources Inc ($73.1m), Bisbee Hospital Association ($73.2m) and Open Door Family Medical Center Inc ($73.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.9% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $2.5m (2.3% of expenses). Other salaries and wages came to $18.0m. It paid $61k in professional fundraising fees. At year end it held assets of $711.7m against liabilities of $108.0m, net assets of $603.8m. It reported 212 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.