True North Family Foundation

Analysis

True North Family Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 North Family Foundation reported income of $214k and spending of $491k, spending 229% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $696k to $214k (-69%), an average of -32% a year. The sharpest change came in the year to December 2022, when income rose by 215%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, True North Family Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Literacy Volunteers of Ontario-Yates Inc ($214k), Terreform One Corp ($214k) and The Usd 113 Foundation ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $370k against liabilities of $0, net assets of $370k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.