True North Classical Academy Inc
EIN: 464566968 · Miami, FL · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $33.2M |
| Total Expenses | $21.9M |
| Net Assets | $3.5M |
Is True North Classical Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About True North Classical Academy Inc
True North Classical Academy Inc (EIN: 464566968) is a nonprofit organization based in Miami, FL, classified under NTEE code B20. The organization reported total revenue of $33.2M and total assets of $59.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of True North Classical Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
True North Classical Academy Inc is a large nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 44.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $21.7M |
| Total Expenses | $21.9M |
| Surplus / Deficit | $-163,136 |
| Total Assets | $52.7M |
| Total Liabilities | $49.2M |
| Net Assets | $3.5M |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 93.4% |
| Months of Reserves | 28.9 months |
Financial Health Grade: C
In 2023, True North Classical Academy Inc reported a deficit of $163K with expenses exceeding revenue, holds 28.9 months of operating reserves (strong position), has a debt-to-asset ratio of 93.4% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), True North Classical Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 44.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.6% | +36.1% | +11.6% |
| 2022 | +54.3% | +69.1% | +57.7% |
| 2021 | +57.8% | +33.2% | +133.0% |
| 2020 | +54.8% | +51.4% | +22.3% |
| 2019 | +71.6% | +75.2% | +1809.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for True North Classical Academy Inc 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 North Classical Academy Inc 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 $163K, with expenses exceeding revenue.
- Debt-to-asset ratio: 93.4%.
Frequently Asked Questions about True North Classical Academy Inc
Is True North Classical Academy Inc a legitimate charity?
True North Classical Academy Inc (EIN: 464566968) is a registered tax-exempt nonprofit based in Florida. It has 8 years of IRS 990 filings on record. Total revenue: $33.2M. No red flags identified. Financial health grade: C.
How does True North Classical Academy Inc spend its money?
True North Classical Academy Inc reported $33.2M in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to True North Classical Academy Inc tax-deductible?
True North Classical Academy Inc is registered as a tax-exempt nonprofit (EIN: 464566968). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is True North Classical Academy Inc located?
True North Classical Academy Inc is headquartered in Miami, Florida and files with the IRS under EIN 464566968. It is classified under NTEE code B20.
How many years of IRS 990 filings does True North Classical Academy Inc have?
True North Classical Academy Inc has 8 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 $33.2M in total revenue.
Filing History
IRS 990 filing history for True North Classical Academy Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), True North Classical Academy Inc's revenue has grown by 1200.6%, moving from $1.7M to $21.7M. Total assets increased by 9315.6% over the same period, from $560K to $52.7M. Total functional expenses rose by 1008.9%, from $2.0M to $21.9M. In its most recent filing year (2023), True North Classical Academy Inc reported a deficit of $163K, with expenses exceeding revenue. The organization holds $49.2M in liabilities against $52.7M in assets (debt-to-asset ratio: 93.4%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $21.7M | $21.9M | $52.7M | $49.2M | — | View 990 |
| 2022 | $17.9M | $16.1M | $47.3M | $43.6M | — | View 990 |
| 2021 | $11.6M | $9.5M | $30.0M | $28.1M | — | — |
| 2020 | $7.3M | $7.1M | $12.9M | $13.1M | — | — |
| 2019 | $4.7M | $4.7M | $10.5M | $11.0M | — | View 990 |
| 2018 | $2.8M | $2.7M | $551K | $970K | — | View 990 |
| 2017 | $2.5M | $2.5M | $914K | $1.4M | — | View 990 |
| 2016 | $1.7M | $2.0M | $560K | $981K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21.7M, expenses of $21.9M, and assets of $52.7M (revenue +21.6% year-over-year).
- 2022: Revenue of $17.9M, expenses of $16.1M, and assets of $47.3M (revenue +54.3% year-over-year).
- 2021: Revenue of $11.6M, expenses of $9.5M, and assets of $30.0M (revenue +57.8% year-over-year).
- 2020: Revenue of $7.3M, expenses of $7.1M, and assets of $12.9M (revenue +54.8% year-over-year).
- 2019: Revenue of $4.7M, expenses of $4.7M, and assets of $10.5M (revenue +71.6% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.7M, and assets of $551K (revenue +11.7% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.5M, and assets of $914K (revenue +48.1% year-over-year).
- 2016: Revenue of $1.7M, expenses of $2.0M, and assets of $560K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for True North Classical Academy Inc:
Data Sources and Methodology
This transparency report for True North Classical Academy Inc 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.