True North Academy

Analysis

True North Academy is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in September 2022, 4 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 North Academy reported income of $199k and spending of $138k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $199k (+140%), an average of +140% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, True North Academy sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within AZ. Charities of a similar size with the same main cause include North Central States Regional Council of Carpenters Scholarship ($199k), Woodstock Area Rotary Charitable Fund Inc ($199k) and Wildflower Foundation ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $27k against liabilities of $26k, net assets of $652.