Truth Project
EIN: 832571138 · Saint Pauls, NC · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $908K |
| Total Expenses | $169K |
| Net Assets | $2.9M |
Is Truth Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Truth Project
Truth Project (EIN: 832571138) is a nonprofit organization based in Saint Pauls, NC, classified under NTEE code X20. The organization reported total revenue of $908K and total assets of $7.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Truth Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Truth Project is a small nonprofit that has been operating for 5 years, with 4 years of IRS 990 filings on record (2019–2022). Revenue has grown at a compound annual rate of 73.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $169K |
| Surplus / Deficit | +$880K |
| Total Assets | $2.9M |
| Total Liabilities | $1 |
| Net Assets | $2.9M |
| Operating Margin | 83.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 203.8 months |
Financial Health Grade: A
In 2022, Truth Project reported a surplus of $880K with revenue exceeding expenses, holds 203.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 4 years of filings (2019–2022), Truth Project's revenue has grown at a compound annual growth rate (CAGR) of 73.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -30.1% | -15.0% | +40.0% |
| 2021 | +63.8% | -58.1% | +172.0% |
| 2020 | +357.9% | +277.2% | +138.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Truth Project 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 Project 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $880K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Truth Project
Is Truth Project a legitimate charity?
Based on AI analysis of IRS 990 filings, Truth Project (EIN: 832571138) insufficient data. 0 red flags identified, 0 strengths noted.
How does Truth Project spend its money?
Detailed spending breakdown data is not yet available for Truth Project. Check back for updated IRS 990 analysis.
Are donations to Truth Project tax-deductible?
Truth Project is registered as a tax-exempt nonprofit (EIN: 832571138). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Truth Project located?
Truth Project is headquartered in Saint Pauls, North Carolina and files with the IRS under EIN 832571138. It is classified under NTEE code X20.
How many years of IRS 990 filings does Truth Project have?
Truth Project has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $908K in total revenue.
Filing History
IRS 990 filing history for Truth Project showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2022), Truth Project's revenue has grown by 424.6%, moving from $200K to $1.0M. Total assets increased by 809.1% over the same period, from $317K to $2.9M. Total functional expenses rose by 34.3%, from $126K to $169K. In its most recent filing year (2022), Truth Project reported a surplus of $880K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.0M | $169K | $2.9M | $1 | — | View 990 |
| 2021 | $1.5M | $199K | $2.1M | $1 | — | View 990 |
| 2020 | $916K | $476K | $756K | $1 | — | — |
| 2019 | $200K | $126K | $317K | $1 | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $1.0M, expenses of $169K, and assets of $2.9M (revenue -30.1% year-over-year).
- 2021: Revenue of $1.5M, expenses of $199K, and assets of $2.1M (revenue +63.8% year-over-year).
- 2020: Revenue of $916K, expenses of $476K, and assets of $756K (revenue +357.9% year-over-year).
- 2019: Revenue of $200K, expenses of $126K, and assets of $317K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Truth Project:
Data Sources and Methodology
This transparency report for Truth Project 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.