Truth Incorporated
- Assets
- $39.9k
- Revenue
- $50.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/1986
- Data as of
- 12/2021
- EIN
- 75-2067414
Organization Overview
Truth Incorporated is located in Dallas, TX. The organization was established in 1986. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truth Incorporated 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 12/2021, Truth Incorporated generated $50.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $28.6k during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EDUCATION WITH RESPECT TO THE FURTHERANCE OF THE CATHOLIC FAITH
Describe the Organization's Program Activity:
PRODUCTION OF MOVIES AND BOOKS ON TOPICS SUCH AS THE SHROUD OF TURIN AND OTHER BIBLICALLY RELATED TOPICS
TRUTH, INC. PROMOTES EDUCATIONAL SEMINARS AND SECONDARY EDUCATION PROGRAMS.
FEEDING OF THE POOR EVERY SATURDAY MORNING AT A VACANT LOT LOCATED IN SOUTH DALLAS BY UTILIZING A BUFFET LINE THAT IS SET UP FROM TABLES BROUGHT TO THE LOCATION. FOOD IS PURCHASED EVERY SATURDAY MORNING FOR A HOT LUNCH FOR APPROXIMATELY 20 TO 30 PEOPLE. APPROXIMATELY 1,300 MEALS WERE SERVED DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy A Varghese Vice President | OfficerTrustee | 0.25 | $0 |
David Stanford President | OfficerTrustee | 0.25 | $0 |
Larry Whittington Bingo Finance | Trustee | 1 | $0 |
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 | $37,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,340 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $13,517 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,857 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,638 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,563 |
| Advertising and promotion | $0 |
| Office expenses | $1,435 |
| Information technology | $1,663 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $455 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $28,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,897 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,897 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,847 |
| Total liabilities | $5,847 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $34,050 |
| Total liabilities and net assets/fund balances | $39,897 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Truth Incorporated has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rhema For The Nations Inc Arlington, TX | $109,090 | $3,497,036 |
Prophecy Watchers Inc Oklahoma City, OK | $2,102,531 | $3,358,704 |
Truth For Today World Mission School Inc Searcy, AR | $8,904,427 | $4,531,764 |
Good Faith Media Norman, OK | $777,804 | $1,966,334 |
International Bible Association Dallas, TX | $1,916,333 | $274,630 |
Lamp And Light Publishers Inc Farmington, NM | $2,028,061 | $1,091,303 |
Baptist Standard Publishing Co Plano, TX | $7,713,665 | $700,835 |
Involved International Inc Tulsa, OK | $211,399 | $633,805 |
Arkansas Baptist Newsmagazine Inc Little Rock, AR | $755,217 | $521,448 |
Jubal Band Ministries Mckinney, TX | $235,616 | $752,469 |
Gospel Minutes Publications Inc Fort Worth, TX | $75,619 | $621,953 |
Texas Impact Education Fund Austin, TX | $719,286 | $275,020 |