Truechild Inc
Truechild Inc. faces severe financial distress with revenue collapse and zero assets in its latest filing.
EIN: 134087914 · Washington, DC · NTEE: R20 · Updated: 2026-03-28
Is Truechild Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Truechild Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Truechild Inc
Truechild Inc (EIN: 134087914) is a nonprofit organization based in Washington, DC, classified under NTEE code R20. The organization reported total revenue of $8K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Truechild Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Truechild Inc is a micro nonprofit that has been operating for 26 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -34.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $151K |
| Surplus / Deficit | $-143,911 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -1918.8% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2022, Truechild Inc reported a deficit of $144K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2022), Truechild Inc's revenue has declined at a compound annual growth rate (CAGR) of -34.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -96.1% | -33.9% | -100.0% |
| 2021 | +66.4% | +19.2% | +206.8% |
| 2020 | -51.5% | -37.9% | +71.0% |
| 2019 | -46.6% | -9.5% | -45.6% |
| 2018 | +90.5% | +17.7% | +186.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Truechild Inc with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Truechild Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $144K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization with significant expenses and suggests either volunteer leadership or compensation being reported under other expense 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 Truechild Inc's IRS 990 filings:
- Severe revenue decline in the latest period (202206) to $7,500 from $192,220.
- Zero assets reported in the latest filing (202206), indicating a lack of financial reserves.
- Consistent operational deficits, with expenses frequently exceeding revenue (e.g., 202206, 202112, 202012).
- High liabilities relative to assets in some periods (e.g., 202112: $529,431 liabilities vs. $476,884 assets).
- Unusual 0% officer compensation across all filings for an organization with significant expenses.
Strengths
The following positive indicators were identified for Truechild Inc:
- Consistent reporting of 0% officer compensation, indicating no direct executive salary burden.
- Long filing history (12 filings) provides a degree of historical transparency.
Frequently Asked Questions about Truechild Inc
Is Truechild Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Truechild Inc (EIN: 134087914) significant concerns. Mission Score: 35/100. 5 red flags identified, 2 strengths noted.
How does Truechild Inc spend its money?
Truechild Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Truechild Inc tax-deductible?
Truechild Inc is registered as a tax-exempt nonprofit (EIN: 134087914). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Truechild Inc. financially sustainable given its recent revenue decline and zero assets?
Based on the 202206 filing, Truechild Inc. is not financially sustainable, with revenue of $7,500 against expenses of $151,411 and zero assets. This indicates a critical financial position.
What caused the drastic drop in revenue from $192,220 in 202112 to $7,500 in 202206?
The provided data does not specify the cause, but such a significant drop in revenue (over 96%) between filing periods is a major red flag requiring further investigation into funding sources and operational changes.
How is Truechild Inc. covering its expenses with such low revenue and zero assets?
With $7,500 in revenue and $151,411 in expenses in 202206, and zero assets, the organization is likely operating on significant deficits, potentially relying on undisclosed loans, future pledges, or is in the process of winding down operations.
Filing History
IRS 990 filing history for Truechild Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Truechild Inc's revenue has declined by 99.1%, moving from $800K to $8K. Total assets decreased by 100% over the same period, from $560K to $0. Total functional expenses fell by 40.7%, from $255K to $151K. In its most recent filing year (2022), Truechild Inc reported a deficit of $144K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $8K | $151K | $0 | $0 | — | View 990 |
| 2021 | $192K | $229K | $477K | $529K | — | — |
| 2020 | $116K | $192K | $155K | $142K | — | View 990 |
| 2019 | $238K | $310K | $91K | $540 | — | View 990 |
| 2018 | $446K | $343K | $167K | $5K | — | View 990 |
| 2017 | $234K | $291K | $58K | $3K | — | — |
| 2016 | $253K | $230K | $123K | $10K | — | View 990 |
| 2015 | $429K | $352K | $145K | $55K | — | View 990 |
| 2014 | $134K | $288K | $99K | $86K | — | View 990 |
| 2013 | $341K | $277K | $283K | $117K | — | View 990 |
| 2012 | $229K | $456K | $252K | $150K | — | View 990 |
| 2011 | $800K | $255K | $560K | $231K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $8K, expenses of $151K, and assets of $0 (revenue -96.1% year-over-year).
- 2021: Revenue of $192K, expenses of $229K, and assets of $477K (revenue +66.4% year-over-year).
- 2020: Revenue of $116K, expenses of $192K, and assets of $155K (revenue -51.5% year-over-year).
- 2019: Revenue of $238K, expenses of $310K, and assets of $91K (revenue -46.6% year-over-year).
- 2018: Revenue of $446K, expenses of $343K, and assets of $167K (revenue +90.5% year-over-year).
- 2017: Revenue of $234K, expenses of $291K, and assets of $58K (revenue -7.5% year-over-year).
- 2016: Revenue of $253K, expenses of $230K, and assets of $123K (revenue -41.0% year-over-year).
- 2015: Revenue of $429K, expenses of $352K, and assets of $145K (revenue +219.4% year-over-year).
- 2014: Revenue of $134K, expenses of $288K, and assets of $99K (revenue -60.6% year-over-year).
- 2013: Revenue of $341K, expenses of $277K, and assets of $283K (revenue +48.7% year-over-year).
- 2012: Revenue of $229K, expenses of $456K, and assets of $252K (revenue -71.3% year-over-year).
- 2011: Revenue of $800K, expenses of $255K, and assets of $560K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Truechild Inc:
Data Sources and Methodology
This transparency report for Truechild 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.