True Access Capital Corporation
Only null% goes to programs Strong reserves
True Access Capital Corporation is a 501(c)(3) organization based in Wilmington, Delaware, registered in 1993, with $3,780,450 in FY2023 revenue. CharityIndex grades it B.
100 West 10th St, Wilmington, DE, 19801 EIN 51-0345258 Since 1993
Revenue (FY2023)
$3.8M
▲ 20.3% vs prior year
Public Benefit median: $140K
Expenses (FY2023)
$3.4M
Net assets
$10.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for True Access Capital Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating38 mo reserves · +10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For True Access Capital Corporation: 38 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for True Access Capital Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For True Access Capital Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 100 West 10th St, Wilmington, DE, 19801
- City
- Wilmington
- State
- Delaware
- Category
- Public & Societal Benefit
- Subcategory
- Financial Institutions
- Website
- …
Financial trends
Revenue grew from $816K (FY2013) to $3.8M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $13.7MNet assets $10.7M
Operating margin
10.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$24.4M
Total liabilities
$13.7M
Net assets
$10.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $3,780,450▲20.3% | $3,391,054▼3.4% | $10,696,679▲3.8% | $24,398,779▲10.6% | 990 |
| 2022 | $3,143,323▼62.1% | $3,510,503▲35.7% | $10,307,283▼3.4% | $22,058,882▲9.3% | 990 |
| 2021 | $8,295,807▲107% | $2,586,854▼6.6% | $10,674,463▲115% | $20,176,608▲38.7% | 990 |
| 2020 | $4,014,227▲85.3% | $2,770,706▲43.3% | $4,965,510▲33.4% | $14,544,564▲25.7% | 990 |
| 2019 | $2,166,339▲17.7% | $1,932,983▲7.0% | $3,721,989▲31.0% | $11,567,842▲15.9% | 990 |
| 2017 | $1,839,808▲22.5% | $1,806,118▲24.5% | $2,841,460▲1.2% | $9,979,165▲10.8% | 990 |
| 2016 | $1,501,468▲38.2% | $1,450,863▲18.2% | $2,807,770▲1.8% | $9,002,807▲13.2% | 990 |
| 2015 | $1,086,328▼14.0% | $1,227,948▲23.4% | $2,757,165▼4.7% | $7,949,638▲6.3% | 990 |
| 2014 | $1,263,719▲54.9% | $994,821▼26.5% | $2,893,938▲10.5% | $7,481,886▲12.8% | 990 |
| 2013 | $815,831 | $1,353,965▲18.6% | $2,620,040▼16.9% | $6,632,132▼3.4% | 990 |
| 2012 | — | $1,141,795▼3.1% | $3,154,599▼10.5% | $6,864,040▼8.9% | 990 |
| 2011 | — | $1,178,090▼5.7% | $3,524,325▼5.9% | $7,534,395▲0.2% | 990 |
| 2010 | — | $1,249,727 | $3,744,747 | $7,516,504 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $1.0M total
11 grants to True Access Capital Corporation totaling $1.0M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Opportunity Finance Network | Finance justice fund subgrant | 2023 | $300,000 |
| The Blackbaud Giving Fund | General support | 2022 | $100,000 |
| Opportunity Finance Network | Ofn cdfi tech grant program supported by google.org | 2022 | $75,000 |
| Delaware Community Foundation | Targeted outreach to bipoc communities | 2022 | $15,000 |
| The Blackbaud Giving Fund | General support | 2021 | $100,000 |
| The Blackbaud Giving Fund | General support | 2021 | $100,000 |
| Delaware Community Foundation | Restricted support for the empowerment fund and transition to digital/cloud-based loan system | 2021 | $46,500 |
| Opportunity Finance Network | Small business grant | 2020 | $150,000 |
| Opportunity Finance Network | Covid-19 grant | 2020 | $50,000 |
| Delaware Community Foundation | 2017 collaborative grant | 2016 | $77,380 |
| Delaware Community Foundation | Human services | 2014 | $25,000 |
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Frequently asked questions
- Is True Access Capital Corporation a legitimate nonprofit?
- Yes. True Access Capital Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 51-0345258, based in Wilmington, Delaware. Donations are tax-deductible.
- What is True Access Capital Corporation's EIN?
- True Access Capital Corporation's Employer Identification Number (EIN) is 51-0345258.
- How much revenue does True Access Capital Corporation report?
- True Access Capital Corporation reported $3,780,450 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does True Access Capital Corporation have?
- CharityIndex grades True Access Capital Corporation B, based on financial health (reserves and operating margin).
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Data for True Access Capital Corporation (EIN 51-0345258) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.