True Source Honey Llc
EIN: 274592284 · Mount Royal, NJ · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $353K |
| Total Expenses | $215K |
| Net Assets | $151K |
Search Intent Cockpit
True Source Honey Llc Form 990, Revenue, CEO Pay, and IRS Filing Signals
True Source Honey Llc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around True Source Honey Llc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $264K and expenses of $215K.
Revenue and Expenses
True Source Honey Llc reported $264K in revenue and $215K in expenses, a surplus of $48K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
Mission score and red-flag review are shown when AI enrichment is available.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, True Source Honey Llc shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Insufficient Data | Good filing record; no red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and Community Improvement context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Mount Royal, NJ nonprofitsCommunity Improvement in New Jersey
Public Benefit in New Jersey
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Next Best Actions
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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.
Organization Overview
True Source Honey Llc is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $264K |
| Total Expenses | $215K |
| Surplus / Deficit | +$48K |
| Total Assets | $151K |
| Net Assets | $151K |
| Operating Margin | 18.3% |
| Months of Reserves | 8.4 months |
Financial Health Grade: A
In 2023, True Source Honey Llc reported a surplus of $48K with revenue exceeding expenses, holds 8.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), True Source Honey Llc's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.4% | +47.8% | +46.9% |
| 2022 | -13.1% | -37.9% | +17.9% |
| 2021 | +3.8% | +34.3% | -35.9% |
| 2020 | +11.1% | +3.8% | +3.2% |
| 2019 | +2.8% | +20.8% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $48K, with revenue exceeding expenses.
Frequently Asked Questions about True Source Honey Llc
Is True Source Honey Llc a legitimate charity?
True Source Honey Llc (EIN: 274592284) is a registered tax-exempt nonprofit based in New Jersey. It has 13 years of IRS 990 filings on record. Total revenue: $353K. No red flags identified. Financial health grade: A.
How does True Source Honey Llc spend its money?
True Source Honey Llc reported $353K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
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.
Where is True Source Honey Llc located?
True Source Honey Llc is headquartered in Mount Royal, New Jersey and files with the IRS under EIN 274592284. It is classified under NTEE code S41.
How many years of IRS 990 filings does True Source Honey Llc have?
True Source Honey Llc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $353K in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for True Source Honey Llc:
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.