Tru

Analysis

Tru is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Tru reported income of $1.0m and spending of $1.0m, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $543k to $1.0m (+86%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tru sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Mountain Christian School Inc ($1.0m), General BLDG Laborers Local 66 Training Program Fund Box 666 ($1.0m) and Victory Family School ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $122k (12% of expenses). Other salaries and wages came to $439k. At year end it held assets of $1.3m against liabilities of $561k, net assets of $739k. It reported 9 employees.