Trueschool

Analysis

Trueschool is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 2019, 7 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 2022, Trueschool reported income of $100k and spending of $115k, spending 115% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $302k to $100k (-67%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 66%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trueschool sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within LA. Charities of a similar size with the same main cause include SSKC Educational Support Inc ($100k), Covenant Foundation of Florida Inc ($100k) and NSBR Facilities Inc ($100k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,475 against liabilities of $36k, net assets of -$28k.