Sojourner Truth Industrial Club

Analysis

Sojourner Truth Industrial Club is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1986, 40 years ago. 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 December 2023, Sojourner Truth Industrial Club reported income of $122k and spending of $48k, leaving 60% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $91k to $122k (+34%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sojourner Truth Industrial Club sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Beaver County Regional Council of Governments ($122k), Sierra Services for the Blind ($122k) and South Media Fire Company No 1 ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $392k against liabilities of $274k, net assets of $118k.