Truth Love & Counseling Corporation
EIN: 461658325 · Conway, SC · NTEE: F30
| Metric | Value |
|---|---|
| Total Revenue | $198K |
| Total Expenses | $223K |
| Net Assets | $10K |
Is Truth Love & Counseling Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Truth Love & Counseling Corporation
Truth Love & Counseling Corporation (EIN: 461658325) is a nonprofit organization based in Conway, SC, classified under NTEE code F30. The organization reported total revenue of $198K and total assets of $125K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Truth Love & Counseling Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Truth Love & Counseling Corporation is a small nonprofit that has been operating for 1 years, with 8 years of IRS 990 filings on record (2013–2020). Revenue has grown at a compound annual rate of 63.7%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $246K |
| Total Expenses | $223K |
| Surplus / Deficit | +$23K |
| Total Assets | $41K |
| Total Liabilities | $31K |
| Net Assets | $10K |
| Operating Margin | 9.4% |
| Debt-to-Asset Ratio | 76.2% |
| Months of Reserves | 2.2 months |
Financial Health Grade: B
In 2020, Truth Love & Counseling Corporation reported a surplus of $23K with revenue exceeding expenses, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 76.2% (high leverage).
Financial Trends
Over 8 years of filings (2013–2020), Truth Love & Counseling Corporation's revenue has grown at a compound annual growth rate (CAGR) of 63.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +35.0% | +7.6% | +49.3% |
| 2019 | -29.8% | -10.6% | -23.1% |
| 2018 | +43.9% | +30.1% | +66.3% |
| 2017 | +19.7% | +12.2% | +209.5% |
| 2016 | +63.3% | +48.5% | +1638.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2025 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Truth Love & Counseling Corporation 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 Love & Counseling Corporation 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 76.2%.
Frequently Asked Questions about Truth Love & Counseling Corporation
Is Truth Love & Counseling Corporation a legitimate charity?
Truth Love & Counseling Corporation (EIN: 461658325) is a registered tax-exempt nonprofit based in South Carolina. It has 8 years of IRS 990 filings on record. Total revenue: $198K. No red flags identified. Financial health grade: B.
How does Truth Love & Counseling Corporation spend its money?
Truth Love & Counseling Corporation reported $198K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Truth Love & Counseling Corporation tax-deductible?
Truth Love & Counseling Corporation is registered as a tax-exempt nonprofit (EIN: 461658325). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Truth Love & Counseling Corporation located?
Truth Love & Counseling Corporation is headquartered in Conway, South Carolina and files with the IRS under EIN 461658325. It is classified under NTEE code F30.
How many years of IRS 990 filings does Truth Love & Counseling Corporation have?
Truth Love & Counseling Corporation has 8 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 $198K in total revenue.
Filing History
IRS 990 filing history for Truth Love & Counseling Corporation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2020), Truth Love & Counseling Corporation's revenue has grown by 3054.3%, moving from $8K to $246K. Total assets increased by 1170.6% over the same period, from $3K to $41K. Total functional expenses rose by 4779%, from $5K to $223K. In its most recent filing year (2020), Truth Love & Counseling Corporation reported a surplus of $23K, with revenue exceeding expenses. The organization holds $31K in liabilities against $41K in assets (debt-to-asset ratio: 76.2%), resulting in net assets of $10K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $246K | $223K | $41K | $31K | — | — |
| 2019 | $182K | $207K | $28K | $41K | — | View 990 |
| 2018 | $260K | $232K | $36K | $24K | — | View 990 |
| 2017 | $180K | $178K | $22K | $38K | — | View 990 |
| 2016 | $151K | $159K | $7K | $26K | — | View 990 |
| 2015 | $92K | $107K | $400 | $11K | — | View 990 |
| 2014 | $50K | $42K | $12K | $0 | — | View 990 |
| 2013 | $8K | $5K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $246K, expenses of $223K, and assets of $41K (revenue +35.0% year-over-year).
- 2019: Revenue of $182K, expenses of $207K, and assets of $28K (revenue -29.8% year-over-year).
- 2018: Revenue of $260K, expenses of $232K, and assets of $36K (revenue +43.9% year-over-year).
- 2017: Revenue of $180K, expenses of $178K, and assets of $22K (revenue +19.7% year-over-year).
- 2016: Revenue of $151K, expenses of $159K, and assets of $7K (revenue +63.3% year-over-year).
- 2015: Revenue of $92K, expenses of $107K, and assets of $400 (revenue +83.8% year-over-year).
- 2014: Revenue of $50K, expenses of $42K, and assets of $12K (revenue +544.0% year-over-year).
- 2013: Revenue of $8K, expenses of $5K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Truth Love & Counseling Corporation:
Data Sources and Methodology
This transparency report for Truth Love & Counseling Corporation 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.