True School Inc

Analysis

True School Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in February 1988, 38 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 December 2023, True School Inc reported income of $4.3m and spending of $3.6m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $4.3m (+97%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, True School Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include South Carolina Whitmore School ($4.3m), Classical School of Wichita Association ($4.3m) and Coastal Christian High School Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $96k (2.6% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.3m against liabilities of $108k, net assets of $3.2m. It reported 68 employees.