Truth Incorporated

Tax-deductible

Dallas, TX501(c)(3)ReligionEIN 75-2067414

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Promote education with respect to the furtherance of the Catholic faith

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $1K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$28K
-73% vs prior year
Spent
$22K
To programs
99%
Net assets
$17K
By yearFY2020–FY2024
Revenue
$28K
FY2024▼ -73%
Revenue by fiscal year
FY2020$885
FY2021$51K
FY2022$22K
FY2023$102K
FY2024$28K
Expenses
$22K
FY2024▼ -78%
Expenses by fiscal year
FY2020$12K
FY2021$29K
FY2022$43K
FY2023$103K
FY2024$22K
Net assets
$17K
FY2024▲ +43%
Net assets by fiscal year
FY2020$12K
FY2021$34K
FY2022$14K
FY2023$12K
FY2024$17K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $22K Management & general 1% · $192

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Bingo Finance
$0Pt VII · Sec A
See Truth Incorporated executive salaries →

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Programs and updates

Promote Catholic faith education to foster spiritual growth and understanding.

Provided by the organization

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3 programs · $102K · in their own filed words · FY2023
01

Production of movies and books on topics such as the shroud of turin and other biblically related topics

$74Kprogram expense
02

Feeding of the poor every saturday morning at the northwest corner of eastside and henderson in south dallas, texas. Food is served to individuals on each corner of the intersection as needed. Food is purchased every saturday morning for a lunch for approximately 85 to 110 people. Approximately 5,000 meals were served during 2023.

$16Kprogram expense
03

Truth, inc. Promotes educational seminars and secondary education programs.

$12Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$28K
Ln 12
Gifts and grantsLn 1h$30K
Money outPt IX
$22K
Ln 25
Programscol B$22K
Managementcol C$192
Owns and owesPt X
$17K
net assets · Ln 32
Total assetsLn 16$17K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30K
Total revenueLn 12$28K
Assets in detailPt X, end of year
Total assetsLn 16$17K
LiabilitiesLn 26$0
Net assetsLn 32$17K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $28K$22K$5K$17K 990 PDF
FY2023 $102K$103K−$2K$12K 990 PDF
FY2022 $22K$43K−$20K$14K 990 PDF
FY2021 $51K$29K$22K$34K 990 PDF
FY2020 $885$12K−$11K$12K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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