Truth Initiative Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 39,391,344 | 51,262,428 | −11,871,084 | 228.0 | 25% |
| 2013 | 90,153,399 | 75,153,339 | 15,000,060 | 162.9 | 18% |
| 2014 | 117,165,393 | 65,065,789 | 52,099,604 | 204.8 | 21% |
| 2015 | 88,775,190 | 107,510,970 | −18,735,780 | 117.0 | 13% |
| 2016 | 32,680,682 | 119,131,077 | −86,450,395 | 93.8 | 13% |
| 2017 | 67,533,533 | 113,822,409 | −46,288,876 | 98.7 | 14% |
| 2018 | 70,169,506 | 117,013,813 | −46,844,307 | 92.7 | 14% |
| 2019 | 98,736,487 | 104,980,089 | −6,243,602 | 96.1 | 16% |
| 2020 | 57,705,985 | 109,295,633 | −51,589,648 | 84.7 | 17% |
| 2021 | 92,158,475 | 98,704,313 | −6,545,838 | 108.7 | 18% |
| 2022 | 111,718,749 | 118,089,967 | −6,371,218 | 73.8 | 16% |
| 2023 | 59,245,878 | 116,909,770 | −57,663,892 | 67.1 | 17% |
| 2024 | 73,144,611 | 107,342,211 | −34,197,600 | 67.5 | 19% |
In its most recent public year (2024), this organization spent $34,197,600 more than it brought in. Its reserves stood at about 67.5 months of spending, down from 228 in 2012. Staff pay was 19% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Truth Initiative Foundation's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works