Inspires youth to know, honor, and treasure God, living as faithful disciples.
Leadership
David Michael · Executive Director / President · $93K
Money in and out
$1.2M revenue, $1.3M expenses
Bottom line
48% program efficiency
Inspires youth to know, honor, and treasure God, living as faithful disciples.
For fiscal year 2021 it reported $1.2M in revenue, $1.3M in expenses, and $192K in net assets.Pt I
Where the money goes · FY2021
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.3M
Pt IX · Ln 25
Net assets
$192K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$43K
Where spending went · Part IX cols B–D
48%
42%
Program services $0.48 Management & general $0.42 Fundraising $0.09
Program efficiency
48%
of spending reaches programs
Operating runway
1.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2021 · Form 990
Revenue
$1.2M
FY2021▲ +11%
$1.5M$757K$0
FY2020FY2025
Expenses
$1.3M
FY2021▲ +16%
$1.5M$735K$0
FY2020FY2025
Total assets
$344K
FY2021▲ +6%
$621K$311K$0
FY2020FY2025
Total liabilities
$152K
FY2021▲ +69%
$506K$253K$0
FY2020FY2025
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.3M
Pt IX · Ln 25
Net assets
$192K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$43K
Total assetsPt X · Ln 16$344K
Program-expense ratioPt IX · col B48%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45
Mission & Programs · Part III
Where the work happens
1 program service account for $610K of program spending, described in the organization's own filed words · FY2020.
01
TRUTH78 is a vision-oriented ministry for the next generationsthat they may know, honor, and treasure god, setting their hope in christ alone, so that they will live as faithful disciples for the glory of GOD.OUR mission is to inspire and equip the church and the home for the comprehensive discipleship of the next generationwe are eager…
Brian Eaton’s $101K as Director of Operations / Secretary
is at the 51st percentile of top reported officer pay among 1637 $1–10M religion nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual David Michael · Reported title EXECUTIVE DIRECTOR / PRESIDENT · Highest reported compensation $93K · Total expenses $1.3M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $870K · Total expenses $1.3M
69%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
48%
—
—
Overhead ratio
42%
—
—
Fundraising cost ratio
14%
—
—
Revenue growth
11%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
1%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Want to add your own materials alongside these filings? Claim this org
Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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