True Skool Inc

Analysis

True Skool Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, True Skool Inc reported income of $342k and spending of $487k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $342k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, True Skool Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include Hancock Center for Creative Arts Therapies Inc ($342k), Oklahoma State Firemens Museum Inc ($342k) and Push Dance Company ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $163k (33% of expenses). Other salaries and wages came to $43k. At year end it held assets of $111k against liabilities of $15k, net assets of $96k. It reported 12 employees.