Truth Academy is a ground-breaking dallas private school founded on christian principles.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $112K a year · 22% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $108K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$416K
Spent
$590K
To programs
83%
Net assets
$178K
By yearFY2024–FY2025
Revenue
$416K
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2024$416K
FY2025$589K
Expenses
$590K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2024$590K
FY2025$639K
Net assets
$178K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2024$178K
FY2025$129K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $489K Management & general 17% · $101K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Truth Academy INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students using Christian principles in a private school setting.

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1 program · $489K · in their own filed words · FY2023
01

Private school founded on christian principles serving grades PRE-K3 through first grade during the current school year.

$489Kprogram expense

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 · FY2024
Total grants receivedfrom 1 funder$108K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$416K
Ln 12
Gifts and grantsLn 1h$416K
Money outPt IX
$590K
Ln 25
Programscol B$489K
Managementcol C$101K
Owns and owesPt X
$178K
net assets · Ln 32
Cash and savingsLn 1–2$135K
Total assetsLn 16$182K
LiabilitiesLn 26$3K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$416K
Total revenueLn 12$416K
Assets in detailPt X, end of year
CashLn 1$135K
Cash and savings togetherLn 1–2$135K
Land, buildings, equipmentLn 10c$47K
Total assetsLn 16$182K
LiabilitiesLn 26$3K
Net assetsLn 32$178K
OperationsPt I, VI
EmployeesI 510
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$297K$135K
Land, buildings, equipmentLn 10c$51K$47K
Total assetsLn 16$352K$182K
LiabilitiesLn 26$0$3K
Net assetsLn 32$352K$178K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$900$900
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$298K$253K$45K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$20K$17K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1K$700$575
Advertising and promotionLn 12$15K$11K$4K
Office expensesLn 13$9K$6K$3K
Information technologyLn 14$8K$8K$757
RoyaltiesLn 15$0
OccupancyLn 16$185K$148K$37K
TravelLn 17$756$756
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$9K$6K$3K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$4K$449$4K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$39K$37K$2K
All other expensesLn 24e$531$318$213
Total functional expensesLn 25$590K$489K$101K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $589K$639K−$50K$129K 990 PDF
FY2024 Viewing $416K$590K−$174K$178K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $415,613 revenue, 12 lines filed
I-8 Contributions and grants$415,613
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$415,613
I-13 Grants and similar amounts paid$900
I-14 Benefits paid to members$0
I-15 Salaries and benefits$317,528
I-16a Professional fundraising fees$0
I-17 Other expenses$271,283
I-18 Total expenses$589,711
I-19 Revenue less expenses−$174,098
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $415,613 across 3 lines filed
VIII-1f All other contributions, gifts and grants$415,613
VIII-1h Total contributions, gifts and grants$415,613
VIII-12 Total revenue$415,613
Part IX · Statement of functional expenses $589,711 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $900$900
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $253,054 · Management $44,657$297,711
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $16,844 · Management $2,973$19,817
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $700 · Management $575$1,275
IX-12 Advertising and promotionPrograms $11,050 · Management $3,683$14,733
IX-13 Office expensesPrograms $6,186 · Management $2,599$8,785
IX-14 Information technologyPrograms $7,671 · Management $757$8,428
IX-15 Royalties$0
IX-16 OccupancyPrograms $147,630 · Management $36,908$184,538
IX-17 TravelPrograms $756$756
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $6,243 · Management $2,675$8,918
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $449 · Management $4,039$4,488
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $37,259 · Management $1,572$38,831
IX-24e All other expensesPrograms $318 · Management $213$531
IX-25 Total functional expensesPrograms $489,060 · Management $100,651 · Fundraising $0$589,711
Part X · Balance sheet $181,778 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $296,685$135,142
X-10c Land, buildings and equipment, netStart of year $51,124$46,636
X-16 Total assetsStart of year $352,434$181,778
X-17 Accounts payable and accrued expenses$3,442
X-26 Total liabilitiesStart of year $0$3,442
X-27 Net assets without donor restrictionsStart of year $352,434$178,336
X-32 Total net assets or fund balancesStart of year $352,434$178,336
X-33 Total liabilities and net assetsStart of year $352,434$181,778
Part XI · Reconciliation of net assets $178,336 net assets at year end
XI-1 Total revenue$415,613
XI-2 Total expenses$589,711
XI-3 Revenue less expenses−$174,098
XI-4 Net assets at start of year$352,434
XI-10 Net assets at end of year$178,336

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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