True Kids 1
EIN: 271939161 · Taos, NM · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $952K |
| Total Expenses | $609K |
| Net Assets | $-25,213 |
Is True Kids 1 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About True Kids 1
True Kids 1 (EIN: 271939161) is a nonprofit organization based in Taos, NM, classified under NTEE code O50. The organization reported total revenue of $952K and total assets of $190K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of True Kids 1's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
True Kids 1 is a small nonprofit that has been operating for 16 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 31.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $506K |
| Total Expenses | $609K |
| Surplus / Deficit | $-102,923 |
| Total Assets | $128K |
| Total Liabilities | $153K |
| Net Assets | $-25,213 |
| Operating Margin | -20.3% |
| Debt-to-Asset Ratio | 119.7% |
| Months of Reserves | 2.5 months |
Financial Health Grade: D
In 2023, True Kids 1 reported a deficit of $103K with expenses exceeding revenue, holds 2.5 months of operating reserves (limited), has a debt-to-asset ratio of 119.7% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), True Kids 1's revenue has grown at a compound annual growth rate (CAGR) of 31.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | +16.9% | -39.6% |
| 2022 | +101.7% | +55.4% | +1.0% |
| 2021 | -58.6% | -35.8% | -33.3% |
| 2020 | +200.8% | +194.7% | +293.5% |
| 2019 | +56.1% | +121.7% | +49.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for True Kids 1 has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates True Kids 1 with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $103K, with expenses exceeding revenue.
- Debt-to-asset ratio: 119.7%.
Frequently Asked Questions about True Kids 1
Is True Kids 1 a legitimate charity?
True Kids 1 (EIN: 271939161) is a registered tax-exempt nonprofit based in New Mexico. It has 6 years of IRS 990 filings on record. Total revenue: $952K. No red flags identified. Financial health grade: D.
How does True Kids 1 spend its money?
True Kids 1 reported $952K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to True Kids 1 tax-deductible?
True Kids 1 is registered as a tax-exempt nonprofit (EIN: 271939161). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is True Kids 1 located?
True Kids 1 is headquartered in Taos, New Mexico and files with the IRS under EIN 271939161. It is classified under NTEE code O50.
How many years of IRS 990 filings does True Kids 1 have?
True Kids 1 has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $952K in total revenue.
Filing History
IRS 990 filing history for True Kids 1 showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), True Kids 1's revenue has grown by 287.8%, moving from $131K to $506K. Total assets increased by 139.1% over the same period, from $53K to $128K. Total functional expenses rose by 661.9%, from $80K to $609K. In its most recent filing year (2023), True Kids 1 reported a deficit of $103K, with expenses exceeding revenue. The organization holds $153K in liabilities against $128K in assets (debt-to-asset ratio: 119.7%), resulting in net assets of $-25,213.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $506K | $609K | $128K | $153K | — | — |
| 2022 | $511K | $521K | $212K | $134K | — | View 990 |
| 2021 | $253K | $335K | $209K | $122K | — | View 990 |
| 2020 | $613K | $522K | $314K | $145K | — | View 990 |
| 2019 | $204K | $177K | $80K | $1K | — | View 990 |
| 2018 | $131K | $80K | $53K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $506K, expenses of $609K, and assets of $128K (revenue -1.0% year-over-year).
- 2022: Revenue of $511K, expenses of $521K, and assets of $212K (revenue +101.7% year-over-year).
- 2021: Revenue of $253K, expenses of $335K, and assets of $209K (revenue -58.6% year-over-year).
- 2020: Revenue of $613K, expenses of $522K, and assets of $314K (revenue +200.8% year-over-year).
- 2019: Revenue of $204K, expenses of $177K, and assets of $80K (revenue +56.1% year-over-year).
- 2018: Revenue of $131K, expenses of $80K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for True Kids 1:
Data Sources and Methodology
This transparency report for True Kids 1 is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.