Institute For Truth In Marketing Inc
- Assets
- $16.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 05/2016
- Data as of
- 12/2020
- EIN
- 47-3475721
Organization Overview
Institute For Truth In Marketing Inc is located in Washington, DC. The organization was established in 2016. According to its NTEE Classification (K05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Truth In Marketing Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2020, Institute For Truth In Marketing Inc generated $94.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $84.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
LITIGATION TO RECTIFY FALSE ADVERTISING OF DIETARY SUPPLEMENTS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $94,091 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $94,091 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,655 |
| Professional fees and other payments to independent contractors | $58,689 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,257 |
| Total expenses | $84,601 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,447 |
| Other assets | $0 |
| Total assets | $16,447 |
| Total liabilities | $3,765 |
| Net assets or fund balances | $12,682 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Weston A Price Foundation Washington, DC | $3,416,084 | $2,920,294 |
American Farm Bureau Foundation For Agriculture Washington, DC | $5,885,350 | $1,943,434 |
Center For Plant Science And Health Haymarket, VA | $259,847 | $1,749,213 |
Feed The Truth Inc Washington, DC | $256,741 | $1,252,361 |
Future Harvest Inc Cockeysville, MD | $1,638,711 | $615,549 |
Crop Life Foundation Inc Arlington, VA | $119,484 | $0 |
Excellence Through Stewardship Washington, DC | $265,994 | $450,000 |
Cornerstone Campaign Washington, DC | $31,373 | $139,894 |
Institute For Truth In Marketing Inc Washington, DC | $16,447 | $0 |
Agricultural Safety And Health Council Of America Leesburg, VA | $192,604 | $0 |
Chesapeake Institute For Local Sustainable Food And Agriculture I Olney, MD | $54,865 | $0 |
Crows Nest Research Center Mclean, VA | $160,397 | $0 |