Truth For Today Inc
EIN: 356042839 · West Union, SC
| Metric | Value |
|---|---|
| Total Revenue | $76K |
| Total Expenses | $36K |
| Net Assets | $554K |
Is Truth For Today Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Truth For Today Inc
Truth For Today Inc (EIN: 356042839) is a nonprofit organization based in West Union, SC. The organization reported total revenue of $76K and total assets of $576K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Truth For Today Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Truth For Today Inc is a micro nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $36K |
| Surplus / Deficit | +$24K |
| Total Assets | $554K |
| Net Assets | $554K |
| Operating Margin | 40.5% |
| Months of Reserves | 186.6 months |
Financial Health Grade: A
In 2023, Truth For Today Inc reported a surplus of $24K with revenue exceeding expenses, holds 186.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Truth For Today Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.3% | -67.3% | +4.6% |
| 2022 | -19.9% | +222.0% | -9.6% |
| 2021 | +17.3% | -8.4% | +5.7% |
| 2020 | -34.0% | -36.7% | +3.5% |
| 2019 | +336.6% | +6.0% | +5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 1962 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Truth For Today Inc 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 Truth For Today Inc 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 $24K, with revenue exceeding expenses.
Frequently Asked Questions about Truth For Today Inc
Is Truth For Today Inc a legitimate charity?
Truth For Today Inc (EIN: 356042839) is a registered tax-exempt nonprofit based in South Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $76K. No red flags identified. Financial health grade: A.
How does Truth For Today Inc spend its money?
Truth For Today Inc reported $76K 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 Truth For Today Inc tax-deductible?
Truth For Today Inc is registered as a tax-exempt nonprofit (EIN: 356042839). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Truth For Today Inc located?
Truth For Today Inc is headquartered in West Union, South Carolina and files with the IRS under EIN 356042839.
How many years of IRS 990 filings does Truth For Today Inc have?
Truth For Today Inc 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 $76K in total revenue.
Filing History
IRS 990 filing history for Truth For Today Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Truth For Today Inc's revenue has grown by 134.3%, moving from $26K to $60K. Total assets increased by 157.6% over the same period, from $215K to $554K. Total functional expenses rose by 32.5%, from $27K to $36K. In its most recent filing year (2023), Truth For Today Inc reported a surplus of $24K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $36K | $554K | $0 | — | — |
| 2022 | $52K | $109K | $530K | $0 | — | — |
| 2021 | $65K | $34K | $586K | $0 | — | — |
| 2020 | $56K | $37K | $555K | $0 | — | — |
| 2019 | $85K | $58K | $536K | $0 | — | View 990 |
| 2018 | $19K | $55K | $509K | $0 | — | View 990 |
| 2017 | $34K | $50K | $537K | $0 | — | View 990 |
| 2016 | $33K | $38K | $545K | $0 | — | View 990 |
| 2015 | $19K | $27K | $543K | $0 | — | View 990 |
| 2014 | $64K | $65K | $509K | $0 | — | View 990 |
| 2013 | $306K | $26K | $509K | $0 | — | View 990 |
| 2012 | $30K | $22K | $229K | $0 | — | View 990 |
| 2011 | $26K | $27K | $215K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $36K, and assets of $554K (revenue +14.3% year-over-year).
- 2022: Revenue of $52K, expenses of $109K, and assets of $530K (revenue -19.9% year-over-year).
- 2021: Revenue of $65K, expenses of $34K, and assets of $586K (revenue +17.3% year-over-year).
- 2020: Revenue of $56K, expenses of $37K, and assets of $555K (revenue -34.0% year-over-year).
- 2019: Revenue of $85K, expenses of $58K, and assets of $536K (revenue +336.6% year-over-year).
- 2018: Revenue of $19K, expenses of $55K, and assets of $509K (revenue -43.6% year-over-year).
- 2017: Revenue of $34K, expenses of $50K, and assets of $537K (revenue +4.5% year-over-year).
- 2016: Revenue of $33K, expenses of $38K, and assets of $545K (revenue +74.5% year-over-year).
- 2015: Revenue of $19K, expenses of $27K, and assets of $543K (revenue -70.8% year-over-year).
- 2014: Revenue of $64K, expenses of $65K, and assets of $509K (revenue -78.9% year-over-year).
- 2013: Revenue of $306K, expenses of $26K, and assets of $509K (revenue +927.1% year-over-year).
- 2012: Revenue of $30K, expenses of $22K, and assets of $229K (revenue +16.6% year-over-year).
- 2011: Revenue of $26K, expenses of $27K, and assets of $215K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Truth For Today Inc:
Data Sources and Methodology
This transparency report for Truth For Today Inc 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.