True Star Foundation Inc
True Star Foundation Inc shows strong financial growth and no reported officer compensation across all filings.
EIN: 205289962 · Chicago, IL · NTEE: A30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $462K |
| Transparency Score | 92/100 |
Is True Star Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
True Star Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About True Star Foundation Inc
True Star Foundation Inc (EIN: 205289962) is a nonprofit organization based in Chicago, IL, classified under NTEE code A30. The organization reported total revenue of $2.3M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of True Star Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
True Star Foundation Inc is a mid-size nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$206K |
| Total Assets | $964K |
| Total Liabilities | $502K |
| Net Assets | $462K |
| Operating Margin | 13.3% |
| Debt-to-Asset Ratio | 52.1% |
| Months of Reserves | 8.6 months |
Financial Health Grade: A
In 2023, True Star Foundation Inc reported a surplus of $206K with revenue exceeding expenses, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 52.1% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), True Star Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +106.5% | +38.5% | +133.1% |
| 2022 | -34.2% | +10.5% | -32.6% |
| 2021 | +42.7% | +43.4% | +35.9% |
| 2020 | +19.8% | +0.8% | +355.2% |
| 2019 | +0.7% | -9.1% | +109.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1300 |
| IRS Ruling Date | 2015 |
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 Star Foundation Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, True Star Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $206K, with revenue exceeding expenses.
- Debt-to-asset ratio: 52.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly unusual for an organization of its size with over $2 million in revenue.
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 Star Foundation Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data makes it difficult to fully assess program vs. administrative spending ratios.
Strengths
The following positive indicators were identified for True Star Foundation Inc:
- Strong financial growth with current revenue at $2,319,481 and assets at $1,111,482.
- Consistent reporting of 0% officer compensation across all 10 filings, indicating high efficiency in directing funds to mission.
- Positive net income in most recent periods, such as 2023 ($1,547,505 revenue vs. $1,341,863 expenses).
- Significant increase in assets over the past decade, demonstrating effective financial management and sustainability.
- Consistent IRS 990 filing history (10 filings), indicating good transparency and compliance.
Frequently Asked Questions about True Star Foundation Inc
Is True Star Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, True Star Foundation Inc (EIN: 205289962) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does True Star Foundation Inc spend its money?
True Star Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to True Star Foundation Inc tax-deductible?
True Star Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205289962). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the True Star Foundation Inc CEO make?
True Star Foundation Inc's highest-compensated officer earns $2 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of True Star Foundation Inc's spending goes to programs?
True Star Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does True Star Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), True Star Foundation Inc is above average for NTEE category A30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is True Star Foundation Inc located?
True Star Foundation Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 205289962. It is classified under NTEE code A30.
How many years of IRS 990 filings does True Star Foundation Inc have?
True Star Foundation Inc has 10 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 $2.3M in total revenue.
Is True Star Foundation Inc a good charity?
Based on the available data, True Star Foundation Inc appears to be a good charity. It demonstrates strong financial growth, with assets increasing from $45,960 in 2016 to over $1.1 million currently, and consistently reports 0% officer compensation, suggesting a high dedication of funds to its mission.
How has True Star Foundation Inc's financial health changed over time?
True Star Foundation Inc has experienced significant financial growth. Its revenue has increased from $400,475 in 2011 to $2,319,481 currently, and assets have grown from $38,513 in 2011 to $1,111,482, indicating a robust and expanding financial position.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly significant. It suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, allowing a greater proportion of funds to be directed towards program services.
Filing History
IRS 990 filing history for True Star Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), True Star Foundation Inc's revenue has grown by 286.4%, moving from $400K to $1.5M. Total assets increased by 2403.4% over the same period, from $39K to $964K. Total functional expenses rose by 189%, from $464K to $1.3M. In its most recent filing year (2023), True Star Foundation Inc reported a surplus of $206K, with revenue exceeding expenses. The organization holds $502K in liabilities against $964K in assets (debt-to-asset ratio: 52.1%), resulting in net assets of $462K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.3M | $964K | $502K | — | — |
| 2022 | $749K | $969K | $414K | $182K | — | View 990 |
| 2021 | $1.1M | $877K | $613K | $162K | — | View 990 |
| 2020 | $798K | $611K | $451K | $198K | — | — |
| 2019 | $666K | $606K | $99K | $33K | — | View 990 |
| 2018 | $661K | $667K | $47K | $40K | — | View 990 |
| 2017 | $595K | $571K | $67K | $54K | — | View 990 |
| 2016 | $566K | $580K | $46K | $57K | — | View 990 |
| 2015 | $568K | $573K | $28K | $25K | — | View 990 |
| 2011 | $400K | $464K | $39K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.3M, and assets of $964K (revenue +106.5% year-over-year).
- 2022: Revenue of $749K, expenses of $969K, and assets of $414K (revenue -34.2% year-over-year).
- 2021: Revenue of $1.1M, expenses of $877K, and assets of $613K (revenue +42.7% year-over-year).
- 2020: Revenue of $798K, expenses of $611K, and assets of $451K (revenue +19.8% year-over-year).
- 2019: Revenue of $666K, expenses of $606K, and assets of $99K (revenue +0.7% year-over-year).
- 2018: Revenue of $661K, expenses of $667K, and assets of $47K (revenue +11.2% year-over-year).
- 2017: Revenue of $595K, expenses of $571K, and assets of $67K (revenue +5.1% year-over-year).
- 2016: Revenue of $566K, expenses of $580K, and assets of $46K (revenue -0.2% year-over-year).
- 2015: Revenue of $568K, expenses of $573K, and assets of $28K (revenue +41.7% year-over-year).
- 2011: Revenue of $400K, expenses of $464K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for True Star Foundation Inc:
Data Sources and Methodology
This transparency report for True Star Foundation 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.