True Rescue FY2023 filing

Mount Juliet, TN · Public charity (501(c)(3)) · Animals

✓ Tax-deductible
Revenue
$647K
+39% vs prior year
Spent
$638K
To programs
15%
Net assets
$244K
By yearFY2020–FY2024
Revenue
$647K
FY2023▲ +39%
Revenue by fiscal year
FY2020$101K
FY2021$397K
FY2022$467K
FY2023$647K
FY2024$923K
Expenses
$638K
FY2023▲ +53%
Expenses by fiscal year
FY2020Not on file
FY2021$249K
FY2022$418K
FY2023$638K
FY2024$794K
Net assets
$244K
FY2023▲ +4%
Net assets by fiscal year
FY2020$40K
FY2021$186K
FY2022$235K
FY2023$244K
FY2024$373K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CTrue Rescue
EINHdr · item D84-5161581
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2020
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CMount Juliet, TN
NTEE classificationIRS BMFAnimals (D20)
WebsiteHdr · item Jtruerescue.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.15 Management & general $0.84 Fundraising $0.01
Program services15%$98K
Management & general84%$535K
Fundraising1%$4K
Total functional expensesLn 25$638K

Financial health

Is it on solid ground?

Program efficiency
15%
of spending reaches programs
Operating runway
4.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$333K
FY2023▲ +6%
Total assets by fiscal year
FY2020Not on file
FY2021$271K
FY2022$316K
FY2023$333K
FY2024$422K
Total liabilities
$89K
FY2023▲ +11%
Total liabilities by fiscal year
FY2020Not on file
FY2021$85K
FY2022$81K
FY2023$89K
FY2024$49K
Revenue less expensesPt I · Ln 19$9K
Total assetsPt X · Ln 16$333K
Program-expense ratioPt IX · col B15%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1$243K
Total assetsLn 16$333K
Total liabilitiesLn 26$89K
Total net assetsLn 32$244K
Months of cash on handcomputed4.6

Statement of Revenue

Part VIII
Contributions & grants$495K · 76%
Program service revenue$125K · 19%
Other revenue$27K · 4%
Contributions & grants76%$495K
Program service revenue19%$125K
Other revenue4%$27K
Total revenueLn 12$647K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $243K · Operating expenses/yr $638K
4.6 months
Where the money goes
Program services
Program services $98K · Total expenses $638K
15%
Management & General
Management & general $535K · Total expenses $638K
84%
Fundraising
Fundraising $4K · Total expenses $638K
0.7%
Cost to raise $1
Fundraising expense (3-yr avg) $1K · Solicited contributions (3-yr avg) $386K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $495K · Total revenue $647K
76%
Government reliance
Government grants $0 · Total revenue $647K
0%
Earned-income share
Program service revenue $125K · Total revenue $647K
19%
Investment reliance
Investment income $0 · Total revenue $647K
0%
Program self-sufficiency
Program service revenue $125K · Total expenses $638K
20%
Growth & trend
Revenue growth (YoY)
This year $647K · Prior year $467K
+39%
Net-asset trend (YoY)
End of year $244K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $647K · Expenses $638K
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $333K
—
Net-asset ratio
Net assets $244K · Total assets $333K
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $333K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kristin French · Reported title Director of Operations · Highest reported compensation $41K · Total expenses $638K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $166K · Total expenses $638K
26%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 15%——
Overhead ratio 84%——
Fundraising cost ratio 0.9%——
Revenue growth 39%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director of Operations
$41,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Kristin French’s $42K as Director of Operations is at the 46th percentile of top reported officer pay among 1221 $100K–1M animals nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Kristin French$42,000$41,000$36,000$31,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • 2Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Rescues, shelters, and adopts out animals, providing them with care and a safe haven.

Provided by the organization

This section is blank until True Rescue claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $98K of program spending, described in the organization's own filed words · FY2023.
01

Adoption of shelter animals, shelter animal care, and foster maintenance and animal care.

$97Kprogram expense
02

Whisker Walk 5K is a yearly fun run that is a fundraiser to go towards our extreme medical cases for cats. Runners/Walkers gather at the Charlie Daniels Park in Mt. Juliet to support this cause.

$1Kprogram expense
03

Community Pet Service

Intake & Discounted Vaccinations

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$40K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $923K$794K+43% 990 PDF
FY2023 Viewing $647K$638K+39% 990 PDF
FY2022 $467K$418K+17% 990 PDF
FY2021 $397K$249K+293% 990 PDF
FY2020 $101K— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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