True Skool Inc
True Skool Inc. shows fluctuating annual finances with no reported officer compensation.
EIN: 203662807 · Milwaukee, WI · NTEE: A25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $409K |
| Total Expenses | $487K |
| Program Spending | 80% |
| Net Assets | $96K |
| Transparency Score | 85/100 |
Is True Skool Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
True Skool Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About True Skool Inc
True Skool Inc (EIN: 203662807) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code A25. The organization reported total revenue of $409K and total assets of $96K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of True Skool Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
True Skool Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $342K |
| Total Expenses | $487K |
| Surplus / Deficit | $-144,996 |
| Total Assets | $111K |
| Total Liabilities | $15K |
| Net Assets | $96K |
| Operating Margin | -42.4% |
| Debt-to-Asset Ratio | 13.4% |
| Months of Reserves | 2.7 months |
Financial Health Grade: C
In 2023, True Skool Inc reported a deficit of $145K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 13.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), True Skool Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.6% | +16.6% | -64.8% |
| 2022 | +27.1% | +1.9% | +159.4% |
| 2021 | +25.7% | +39.1% | +23.0% |
| 2020 | +34.6% | -11.3% | +100.6% |
| 2019 | -34.3% | +6.8% | -60.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Skool Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, True Skool Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $145K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size and suggests a strong dedication to program spending.
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 Skool Inc's IRS 990 filings:
- Significant operating deficit in 2023 ($144,996 deficit)
- Fluctuating annual revenues and expenses, indicating potential unpredictability in funding or operations.
Strengths
The following positive indicators were identified for True Skool Inc:
- Consistent 0% officer compensation reported across all filings, indicating high efficiency in this area.
- Strong asset growth over the past decade, from $5,201 in 2014 to $111,288 in 2023.
- Periods of strong financial surplus, such as in 2022 where revenue exceeded expenses by over $130,000.
Frequently Asked Questions about True Skool Inc
Is True Skool Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, True Skool Inc (EIN: 203662807) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does True Skool Inc spend its money?
True Skool Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to True Skool Inc tax-deductible?
True Skool Inc is registered as a tax-exempt nonprofit (EIN: 203662807). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of True Skool Inc's spending goes to programs?
True Skool Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does True Skool Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), True Skool Inc is above average for NTEE category A25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is True Skool Inc located?
True Skool Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 203662807. It is classified under NTEE code A25.
How many years of IRS 990 filings does True Skool Inc have?
True Skool Inc has 13 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 $409K in total revenue.
Is True Skool Inc. financially stable?
True Skool Inc. shows fluctuating financial stability. While they had a significant surplus in 2022 ($548,543 revenue vs. $417,786 expenses), they incurred a substantial deficit in 2023 ($342,251 revenue vs. $487,247 expenses). Their asset base has grown, but consistent deficits could pose a risk.
How does True Skool Inc. manage executive compensation?
True Skool Inc. reports 0% officer compensation in all available filings, meaning no officers received salaries from the organization. This is a strong indicator of funds being directed elsewhere, likely to programs.
What is the trend in True Skool Inc.'s assets?
True Skool Inc.'s assets have shown significant growth over the past decade, increasing from $5,201 in 2014 to $111,288 in 2023, indicating an accumulation of resources.
Filing History
IRS 990 filing history for True Skool Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), True Skool Inc's revenue has grown by 117.9%, moving from $157K to $342K. Total assets increased by 99.1% over the same period, from $56K to $111K. Total functional expenses rose by 420.5%, from $94K to $487K. In its most recent filing year (2023), True Skool Inc reported a deficit of $145K, with expenses exceeding revenue. The organization holds $15K in liabilities against $111K in assets (debt-to-asset ratio: 13.4%), resulting in net assets of $96K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $342K | $487K | $111K | $15K | — | — |
| 2022 | $549K | $418K | $317K | $75K | — | View 990 |
| 2021 | $432K | $410K | $122K | $11K | — | View 990 |
| 2020 | $344K | $295K | $99K | $10K | — | — |
| 2019 | $255K | $332K | $49K | $9K | — | View 990 |
| 2018 | $388K | $311K | $125K | $8K | — | View 990 |
| 2017 | $292K | $253K | $56K | $16K | — | View 990 |
| 2016 | $253K | $309K | $24K | $23K | — | View 990 |
| 2015 | $349K | $235K | $71K | $23K | — | View 990 |
| 2014 | $181K | $215K | $5K | $24K | — | View 990 |
| 2013 | $220K | $177K | $29K | $14K | — | View 990 |
| 2012 | $176K | $162K | $44K | $0 | — | View 990 |
| 2011 | $157K | $94K | $56K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $342K, expenses of $487K, and assets of $111K (revenue -37.6% year-over-year).
- 2022: Revenue of $549K, expenses of $418K, and assets of $317K (revenue +27.1% year-over-year).
- 2021: Revenue of $432K, expenses of $410K, and assets of $122K (revenue +25.7% year-over-year).
- 2020: Revenue of $344K, expenses of $295K, and assets of $99K (revenue +34.6% year-over-year).
- 2019: Revenue of $255K, expenses of $332K, and assets of $49K (revenue -34.3% year-over-year).
- 2018: Revenue of $388K, expenses of $311K, and assets of $125K (revenue +33.2% year-over-year).
- 2017: Revenue of $292K, expenses of $253K, and assets of $56K (revenue +15.3% year-over-year).
- 2016: Revenue of $253K, expenses of $309K, and assets of $24K (revenue -27.5% year-over-year).
- 2015: Revenue of $349K, expenses of $235K, and assets of $71K (revenue +92.6% year-over-year).
- 2014: Revenue of $181K, expenses of $215K, and assets of $5K (revenue -17.5% year-over-year).
- 2013: Revenue of $220K, expenses of $177K, and assets of $29K (revenue +24.6% year-over-year).
- 2012: Revenue of $176K, expenses of $162K, and assets of $44K (revenue +12.3% year-over-year).
- 2011: Revenue of $157K, expenses of $94K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for True Skool Inc:
Data Sources and Methodology
This transparency report for True Skool 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.