True Source Honey Llc
EIN: 274592284 · Mount Royal, NJ · NTEE: S41
Is True Source Honey Llc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About True Source Honey Llc
True Source Honey Llc (EIN: 274592284) is a nonprofit organization based in Mount Royal, NJ, classified under NTEE code S41. The organization reported total revenue of $353K and total assets of $291K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of True Source Honey Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for True Source Honey Llc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates True Source Honey Llc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about True Source Honey Llc
Is True Source Honey Llc a legitimate charity?
Based on AI analysis of IRS 990 filings, True Source Honey Llc (EIN: 274592284) insufficient data. 0 red flags identified, 0 strengths noted.
How does True Source Honey Llc spend its money?
Detailed spending breakdown data is not yet available for True Source Honey Llc. Check back for updated IRS 990 analysis.
Are donations to True Source Honey Llc tax-deductible?
True Source Honey Llc is registered as a tax-exempt nonprofit (EIN: 274592284). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for True Source Honey Llc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), True Source Honey Llc's revenue has grown by 217.4%, moving from $83K to $264K. Total assets increased by 1266.8% over the same period, from $11K to $151K. Total functional expenses rose by 199.1%, from $72K to $215K. In its most recent filing year (2023), True Source Honey Llc reported a surplus of $48K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $264K | $215K | $151K | $0 | — | View 990 |
| 2022 | $161K | $146K | $103K | $0 | — | View 990 |
| 2021 | $186K | $235K | $87K | $0 | — | View 990 |
| 2020 | $179K | $175K | $136K | $0 | — | View 990 |
| 2019 | $161K | $168K | $132K | $0 | — | View 990 |
| 2018 | $157K | $139K | $140K | $0 | — | View 990 |
| 2017 | $149K | $131K | $122K | $0 | — | View 990 |
| 2016 | $143K | $102K | $104K | $0 | — | View 990 |
| 2015 | $121K | $88K | $62K | $0 | — | View 990 |
| 2014 | $96K | $103K | $35K | $0 | — | View 990 |
| 2013 | $100K | $97K | $37K | $0 | — | View 990 |
| 2012 | $67K | $44K | $34K | $0 | — | View 990 |
| 2011 | $83K | $72K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $264K, expenses of $215K, and assets of $151K (revenue +63.4% year-over-year).
- 2022: Revenue of $161K, expenses of $146K, and assets of $103K (revenue -13.1% year-over-year).
- 2021: Revenue of $186K, expenses of $235K, and assets of $87K (revenue +3.8% year-over-year).
- 2020: Revenue of $179K, expenses of $175K, and assets of $136K (revenue +11.1% year-over-year).
- 2019: Revenue of $161K, expenses of $168K, and assets of $132K (revenue +2.8% year-over-year).
- 2018: Revenue of $157K, expenses of $139K, and assets of $140K (revenue +4.9% year-over-year).
- 2017: Revenue of $149K, expenses of $131K, and assets of $122K (revenue +4.1% year-over-year).
- 2016: Revenue of $143K, expenses of $102K, and assets of $104K (revenue +18.5% year-over-year).
- 2015: Revenue of $121K, expenses of $88K, and assets of $62K (revenue +26.6% year-over-year).
- 2014: Revenue of $96K, expenses of $103K, and assets of $35K (revenue -4.3% year-over-year).
- 2013: Revenue of $100K, expenses of $97K, and assets of $37K (revenue +49.6% year-over-year).
- 2012: Revenue of $67K, expenses of $44K, and assets of $34K (revenue -19.5% year-over-year).
- 2011: Revenue of $83K, expenses of $72K, and assets of $11K.
Data Sources and Methodology
This transparency report for True Source Honey Llc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.