Truth In Accounting

Organization Overview

Truth In Accounting is located in Glencoe, IL. The organization was established in 2003. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truth In Accounting is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Truth In Accounting generated $215.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $239.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (16.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATING AND EMPOWERING CITIZENS WITH UNDERSTANDABLE, RELIABLE, AND TRANSPARENT GOVERNMENTAL FINANCIAL INFORMATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL PROGRAMS AND MATERIALS: EDUCATING THE PUBLIC ABOUT FEDERAL, STATE AND LOCAL GOVERNMENTS' FINANCIAL CONDITIONS THROUGH WEB PAGES, ONLINE POSTING, MEETINGS WITH AND SPEAKING TO GROUPS AND INDIVIDUALS, PREPARING AND DISTRIBUTING RESEARCH DOCUMENTS AND EDUCATIONAL MATERIAL, AND PROMOTING ACCURATE AND CONSISTENT GOVERNMENTAL ACCOUNTING STANDARDS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$211,875
Noncash contributions included in lines 1a–1f $7,490
Total Revenue from Contributions, Gifts, Grants & Similar$211,875
Total Program Service Revenue$1,750
Investment income $1,164
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$372
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $215,419

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