Truth Unleashed Ministries Inc
Truth Unleashed Ministries operates on a lean budget with no reported officer compensation and minimal assets.
EIN: 204910439 · Parker, CO · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $168K |
| Total Expenses | $129K |
| Program Spending | 90% |
| Net Assets | $2K |
| Transparency Score | 85/100 |
Is Truth Unleashed Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Truth Unleashed Ministries Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Truth Unleashed Ministries Inc
Truth Unleashed Ministries Inc (EIN: 204910439) is a nonprofit organization based in Parker, CO, classified under NTEE code X20. The organization reported total revenue of $168K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Truth Unleashed Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Truth Unleashed Ministries Inc is a small nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $127K |
| Total Expenses | $129K |
| Surplus / Deficit | $-1,404 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -1.1% |
| Months of Reserves | 0.1 months |
Financial Health Grade: C
In 2023, Truth Unleashed Ministries Inc reported a deficit of $1K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited).
Financial Trends
Over 9 years of filings (2015–2023), Truth Unleashed Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.5% | +43.8% | -47.8% |
| 2022 | -50.1% | -46.5% | -67.2% |
| 2021 | +117.6% | +142.6% | +0.4% |
| 2020 | +6.4% | -6.2% | +819.3% |
| 2019 | -63.7% | -64.9% | -57.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Truth Unleashed Ministries Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Truth Unleashed Ministries Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
Executive Compensation Analysis
Truth Unleashed Ministries Inc. consistently reports 0% officer compensation across all nine available filings, indicating that no officers receive reportable salaries, which is highly favorable for directing funds to mission-related activities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Truth Unleashed Ministries Inc's IRS 990 filings:
- Very low asset base ($14,473 latest) indicates limited financial reserves and potential vulnerability.
- Frequent slight operating deficits (e.g., 2023, 2022, 2019, 2018, 2017) suggest operations often exceed current income.
Strengths
The following positive indicators were identified for Truth Unleashed Ministries Inc:
- Consistent 0% officer compensation across all nine filings, indicating strong fiscal prudence at the leadership level.
- Consistent IRS 990 filing history (9 filings) demonstrates good transparency and compliance.
- Lean operational model, with funds likely directed primarily to programs given the lack of executive compensation.
Frequently Asked Questions about Truth Unleashed Ministries Inc
Is Truth Unleashed Ministries Inc a legitimate charity?
Truth Unleashed Ministries Inc (EIN: 204910439) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $168K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Truth Unleashed Ministries Inc spend its money?
Truth Unleashed Ministries Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Truth Unleashed Ministries Inc tax-deductible?
Truth Unleashed Ministries Inc is registered as a tax-exempt nonprofit (EIN: 204910439). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Truth Unleashed Ministries Inc's spending goes to programs?
Truth Unleashed Ministries Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Truth Unleashed Ministries Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Truth Unleashed Ministries Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Truth Unleashed Ministries Inc located?
Truth Unleashed Ministries Inc is headquartered in Parker, Colorado and files with the IRS under EIN 204910439. It is classified under NTEE code X20.
How many years of IRS 990 filings does Truth Unleashed Ministries Inc have?
Truth Unleashed Ministries Inc has 9 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 $168K in total revenue.
Is Truth Unleashed Ministries Inc. a good charity?
Based on the available data, Truth Unleashed Ministries Inc. appears to be a fiscally conservative organization with no reported officer compensation, suggesting a strong commitment to directing funds towards its mission. However, without detailed program expense breakdowns, a full assessment of program effectiveness is limited.
How does Truth Unleashed Ministries Inc. manage its finances given its small asset base?
The organization operates with a very small asset base, with the latest reported assets at $14,473. This suggests a 'pay-as-you-go' model, relying on current revenue to cover expenses rather than drawing from significant reserves. This can be efficient but also leaves the organization vulnerable to revenue shortfalls.
What is the trend in Truth Unleashed Ministries Inc.'s revenue and expenses?
Revenue and expenses have fluctuated over the years, with periods of both surpluses (e.g., 2016: $290,055 revenue vs. $249,370 expenses) and slight deficits (e.g., 2023: $127,379 revenue vs. $128,783 expenses). The organization generally manages to keep expenses close to revenue.
Filing History
IRS 990 filing history for Truth Unleashed Ministries Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Truth Unleashed Ministries Inc's revenue has declined by 35.9%, moving from $199K to $127K. Total assets decreased by 20.6% over the same period, from $2K to $2K. Total functional expenses fell by 34.5%, from $197K to $129K. In its most recent filing year (2023), Truth Unleashed Ministries Inc reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $127K | $129K | $2K | $0 | — | View 990 |
| 2022 | $84K | $90K | $3K | $0 | — | View 990 |
| 2021 | $167K | $167K | $9K | $0 | — | View 990 |
| 2020 | $77K | $69K | $9K | $0 | — | — |
| 2019 | $72K | $74K | $969 | $0 | — | View 990 |
| 2018 | $199K | $209K | $2K | $0 | — | View 990 |
| 2017 | $95K | $125K | $13K | $0 | — | View 990 |
| 2016 | $290K | $249K | $43K | $0 | — | View 990 |
| 2015 | $199K | $197K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $127K, expenses of $129K, and assets of $2K (revenue +52.5% year-over-year).
- 2022: Revenue of $84K, expenses of $90K, and assets of $3K (revenue -50.1% year-over-year).
- 2021: Revenue of $167K, expenses of $167K, and assets of $9K (revenue +117.6% year-over-year).
- 2020: Revenue of $77K, expenses of $69K, and assets of $9K (revenue +6.4% year-over-year).
- 2019: Revenue of $72K, expenses of $74K, and assets of $969 (revenue -63.7% year-over-year).
- 2018: Revenue of $199K, expenses of $209K, and assets of $2K (revenue +110.6% year-over-year).
- 2017: Revenue of $95K, expenses of $125K, and assets of $13K (revenue -67.4% year-over-year).
- 2016: Revenue of $290K, expenses of $249K, and assets of $43K (revenue +46.0% year-over-year).
- 2015: Revenue of $199K, expenses of $197K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Truth Unleashed Ministries Inc:
Data Sources and Methodology
This transparency report for Truth Unleashed Ministries 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.