Overview
What is Truth Spring Inc?
Truth Spring Inc, based in Columbus, Georgia, is a charitable organization with a Christian focus, dedicated to uplifting low-income communities. Their primary activities include addressing issues such as homelessness, poverty, drug abuse, education, and childcare. One of their most significant initiatives is providing affordable housing for low-income families. In addition, they offer a private, Christian school, Truth Spring Academy, catering to at-risk children. The school, enrolling 70 students in Kindergarten through Fifth Grade for 2022, provides a quality education emphasizing academics, character development, and servant leadership. Notably, all students received full scholarships, with funding sourced from local donors. With a team of 65 employees, Truth Spring Inc strives to rebuild a foundation of Christ-centered living in the community.
Official website here: www.truthspring.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% - Three-Star out of Four Stars
Truth Spring Inc has achieved an 88% rating from Charity Navigator, which translates to a Three-Star rating. This score reflects strong accountability and financial practices, with an impressive 93% in the Accountability & Finance category. The organization demonstrates a commitment to transparency, highlighted by having an independent board and no material diversion of assets, which enhances its credibility in the nonprofit sector.
The organization excels in its culture and community engagement, receiving a perfect score of 100%. This indicates that Truth Spring Inc actively collects and utilizes feedback from stakeholders, showcasing its dedication to responsive and community-focused operations. The strong program expense ratio of nearly 88% further emphasizes its focus on delivering its mission effectively.
However, it is noteworthy that Truth Spring Inc has a fundraising efficiency ratio of $0.00, which suggests potential areas for improvement in their fundraising practices. Despite this limitation, the overall financial stability is indicated by a low liabilities-to-assets ratio and a strong working capital ratio, ensuring the organization is well-positioned to continue its programs and initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Truth Spring Inc legitimate?
Truth Spring Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Truth Spring Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $115,785
Professional Fundraising Fees: $0
Other Salaries and Wages: $823,846
For more financial information, click here
Official website here: www.truthspring.org
What is the mission statement of Truth Spring Inc?
Truth Spring Inc's mission is centered around improving the livelihood of low-income communities. Their programs focus on addressing issues such as homelessness, poverty, drug abuse, education, and childcare. The organization's significant activities include providing affordable housing for low-income families, offering education to at-risk children in the community, and developing trade skills and employment opportunities for the under-employed.
In relation to education, Truth Spring Inc operates a private, Christian school, Truth Spring Academy, for low-income families. The school's mission is to instill a foundation of Christ-centered living through quality, Christian education, emphasizing challenging academics, character development, and servant leadership. During the 2022 enrollment, the school accommodated 70 students from kindergarten to fifth grade, with all students receiving full scholarships. The funding for these scholarships was sourced from donors within or around the Columbus, Georgia region.
Official website here: www.truthspring.org
Who is the CEO of Truth Spring Inc?
Carrie Strickland is the Board Chair of Truth Spring Inc.
Official website here: www.truthspring.org
What is the revenue of Truth Spring Inc?
Truth Spring Inc's revenue in 2022 was $2,738,563.
Official website here: www.truthspring.org
Who are the executives of Truth Spring Inc and what are their salaries?
The average compensation at Truth Spring Inc during 2022 was $14,456. There are 65 employees and 75 volunteers at Truth Spring Inc.
Here are 11 key members and their salaries:
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- Compensation: $72,282
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Official website here: www.truthspring.org
Where can I find the form 990 for Truth Spring Inc?
Truth Spring Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.truthspring.org
Learn more at the official website: www.truthspring.org
Mission Statement of Truth Spring Inc
Truth Spring Inc, a Christian charitable organization, is dedicated to improving the living conditions of low-income communities. Their mission is centered around addressing issues such as homelessness, poverty, drug abuse, education, and childcare. By implementing various programs, Truth Spring Inc aims to bring positive change to these communities and uplift its residents.
One of the key areas of focus for Truth Spring Inc is education. They have established Truth Spring Academy, a private, Christian school specifically designed for low-income families. The mission of this school is to provide a strong foundation in Christ-centered living by offering challenging academics, character development, and servant leadership. In 2022, the academy welcomed 70 students from kindergarten to fifth grade, and all enrolled students benefited from full scholarships. The funding for these scholarships was generously provided by donors within the Columbus, Georgia region.
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Impact
October, 2024
Truth Spring Inc has a profound impact on low-income communities in Columbus, Georgia, by addressing critical issues such as homelessness, poverty, drug abuse, education, and childcare. The organization provides affordable housing for low-income families, creating a stable environment essential for personal and community growth.
A key component of their efforts is the Truth Spring Academy, a private, Christian school dedicated to at-risk children. By offering a quality education that emphasizes challenging academics, character development, and servant leadership, Truth Spring Academy has enrolled 70 students in kindergarten through fifth grade, funding their education with full scholarships. This commitment to education not only supports academic achievement but also fosters the development of strong moral values that can uplift the entire community.
Truth Spring Inc also focuses on developing trade skills and removing barriers to employment for the under-employed, enhancing economic opportunities for individuals and families. Through these comprehensive programs, the organization not only addresses immediate needs but also works towards long-term solutions that empower individuals and promote sustainable community improvement.
This information is meant to be a general summary of Truth Spring Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,779
- Program Service Revenue: $21,783
- Gross Receipts: $4,237,363
Assets and Liabilities:
- Total Assets: $3,008,308
- Total Liabilities: $21,664
- Net Assets: $2,986,644
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$21,783
Organization Details
Founding Year
2009
Phone
(706) 987-0457Principal Officer
Carrie Strickland
Main Address
3314 5TH AVENUE, COLUMBUS, GA, 31904
Website
www.truthspring.orgNTEE Category
Code: S30 - Community improvement
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