True North Rochester Preparatorycharter School
True North Rochester Prep Charter School shows consistent revenue growth and asset accumulation with 0% reported officer compensation.
EIN: 205060104 · New York, NY · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $56.1M |
| Total Expenses | $49.7M |
| Program Spending | 85% |
| Net Assets | $34.5M |
| Transparency Score | 90/100 |
Is True North Rochester Preparatorycharter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
True North Rochester Preparatorycharter School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About True North Rochester Preparatorycharter School
True North Rochester Preparatorycharter School (EIN: 205060104) is a nonprofit organization based in New York, NY, classified under NTEE code B29. The organization reported total revenue of $56.1M and total assets of $87.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of True North Rochester Preparatorycharter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
True North Rochester Preparatorycharter School is a major nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 18.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50.2M |
| Total Expenses | $49.7M |
| Surplus / Deficit | +$457K |
| Total Assets | $84.3M |
| Total Liabilities | $49.8M |
| Net Assets | $34.5M |
| Operating Margin | 0.9% |
| Debt-to-Asset Ratio | 59.1% |
| Months of Reserves | 20.3 months |
Financial Health Grade: A
In 2023, True North Rochester Preparatorycharter School reported a surplus of $457K with revenue exceeding expenses, holds 20.3 months of operating reserves (strong position), has a debt-to-asset ratio of 59.1% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), True North Rochester Preparatorycharter School's revenue has grown at a compound annual growth rate (CAGR) of 18.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.8% | +13.3% | +128.0% |
| 2022 | +16.0% | +25.8% | +17.4% |
| 2021 | +7.0% | +3.9% | +30.6% |
| 2020 | +7.0% | +5.3% | +25.9% |
| 2019 | +11.0% | +7.9% | +31.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates True North Rochester Preparatorycharter School with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, True North Rochester Preparatorycharter School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $457K, with revenue exceeding expenses.
- Debt-to-asset ratio: 59.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of this size and suggests either a volunteer leadership model or that compensation is reported under different categories.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of True North Rochester Preparatorycharter School's IRS 990 filings:
- Unusually low reported officer compensation (0%) for an organization of this scale, which warrants further scrutiny into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for True North Rochester Preparatorycharter School:
- Consistent and significant revenue growth over the past decade, from $16.2M in 2014 to $50.1M in 2023.
- Strong asset growth, particularly the substantial increase from $36.9M in 2022 to $84.2M in 2023, indicating robust investment in its mission.
- Consistent operational surpluses, demonstrating effective financial management and sustainability.
- Regular and consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about True North Rochester Preparatorycharter School
Is True North Rochester Preparatorycharter School a legitimate charity?
True North Rochester Preparatorycharter School (EIN: 205060104) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $56.1M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does True North Rochester Preparatorycharter School spend its money?
True North Rochester Preparatorycharter School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to True North Rochester Preparatorycharter School tax-deductible?
True North Rochester Preparatorycharter School is registered as a tax-exempt nonprofit (EIN: 205060104). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of True North Rochester Preparatorycharter School's spending goes to programs?
True North Rochester Preparatorycharter School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does True North Rochester Preparatorycharter School compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), True North Rochester Preparatorycharter School is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is True North Rochester Preparatorycharter School located?
True North Rochester Preparatorycharter School is headquartered in New York, New York and files with the IRS under EIN 205060104. It is classified under NTEE code B29.
How many years of IRS 990 filings does True North Rochester Preparatorycharter School have?
True North Rochester Preparatorycharter School has 12 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 $56.1M in total revenue.
How does True North Rochester Preparatory Charter School manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with over $50 million in revenue. This could indicate that leadership roles are filled by volunteers, or that compensation for key personnel is categorized differently within their financial statements (e.g., as program or administrative staff salaries rather than 'officer compensation'). Further investigation into their detailed Form 990s would be needed to understand this structure.
What caused the significant increase in assets from 2022 to 2023?
The organization's assets nearly doubled from $36,957,572 in 2022 to $84,262,187 in 2023. This substantial increase likely reflects significant capital investments, such as the acquisition or construction of new facilities, or a substantial increase in long-term investments. Given its mission as a charter school, this could be related to expanding its physical footprint or educational resources.
Is the organization financially stable given its liabilities?
While liabilities increased significantly from $2,914,424 in 2022 to $49,762,259 in 2023, the organization's assets also saw a much larger increase, resulting in a healthy net asset position. The asset-to-liability ratio remains strong ($84.2M assets vs. $49.7M liabilities in 2023), indicating good financial stability and capacity to cover its obligations.
Filing History
IRS 990 filing history for True North Rochester Preparatorycharter School showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), True North Rochester Preparatorycharter School's revenue has grown by 516.5%, moving from $8.1M to $50.2M. Total assets increased by 3227.2% over the same period, from $2.5M to $84.3M. Total functional expenses rose by 565.8%, from $7.5M to $49.7M. In its most recent filing year (2023), True North Rochester Preparatorycharter School reported a surplus of $457K, with revenue exceeding expenses. The organization holds $49.8M in liabilities against $84.3M in assets (debt-to-asset ratio: 59.1%), resulting in net assets of $34.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50.2M | $49.7M | $84.3M | $49.8M | — | — |
| 2022 | $48.3M | $43.9M | $37.0M | $2.9M | — | View 990 |
| 2021 | $41.7M | $34.9M | $31.5M | $1.9M | — | View 990 |
| 2020 | $39.0M | $33.6M | $24.1M | $1.3M | — | View 990 |
| 2019 | $36.4M | $31.9M | $19.1M | $1.8M | — | View 990 |
| 2018 | $32.8M | $29.6M | $14.5M | $1.7M | — | View 990 |
| 2017 | $28.9M | $26.5M | $11.3M | $1.8M | — | View 990 |
| 2016 | $23.7M | $21.9M | $8.1M | $1.0M | — | View 990 |
| 2015 | $19.8M | $18.7M | $6.1M | $881K | — | View 990 |
| 2014 | $16.3M | $15.5M | $5.2M | $936K | — | View 990 |
| 2013 | $9.5M | $8.9M | $3.2M | $422K | — | View 990 |
| 2012 | $8.1M | $7.5M | $2.5M | $376K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50.2M, expenses of $49.7M, and assets of $84.3M (revenue +3.8% year-over-year).
- 2022: Revenue of $48.3M, expenses of $43.9M, and assets of $37.0M (revenue +16.0% year-over-year).
- 2021: Revenue of $41.7M, expenses of $34.9M, and assets of $31.5M (revenue +7.0% year-over-year).
- 2020: Revenue of $39.0M, expenses of $33.6M, and assets of $24.1M (revenue +7.0% year-over-year).
- 2019: Revenue of $36.4M, expenses of $31.9M, and assets of $19.1M (revenue +11.0% year-over-year).
- 2018: Revenue of $32.8M, expenses of $29.6M, and assets of $14.5M (revenue +13.7% year-over-year).
- 2017: Revenue of $28.9M, expenses of $26.5M, and assets of $11.3M (revenue +21.7% year-over-year).
- 2016: Revenue of $23.7M, expenses of $21.9M, and assets of $8.1M (revenue +20.1% year-over-year).
- 2015: Revenue of $19.8M, expenses of $18.7M, and assets of $6.1M (revenue +21.3% year-over-year).
- 2014: Revenue of $16.3M, expenses of $15.5M, and assets of $5.2M (revenue +72.1% year-over-year).
- 2013: Revenue of $9.5M, expenses of $8.9M, and assets of $3.2M (revenue +16.3% year-over-year).
- 2012: Revenue of $8.1M, expenses of $7.5M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for True North Rochester Preparatorycharter School:
Data Sources and Methodology
This transparency report for True North Rochester Preparatorycharter School 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.