Arts, Culture & Humanities (A60) IRS Verified DX Registered 990 on File

TRUE COLORS THEATRE COMPANY

EIN: 03-0456341 · ATLANTA, GA 30318-5045 · United States · FY 2025 Data

3 out of 5 59 / 100 Based on 2+ years of filings

Financial strength (30%) 90/100

Reliability (20%) 55/100

Effectiveness (25%) 93/100

Impact (25%) No data yet

Financial data: FY 2025 · Scored 9/13/2026

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Mission Statement

True Colors mission is to create a moveable feast of theatre grounded in the rich canon of African-American classics and branching out to include bold interpretations of world drama and a strong commitment to diverse new voices. True Colors’ signature arts education program, the August Wilson Monologue Competition, enables high school students in Atlanta and nine other cities (Los Angeles, Pittsburgh, Portland, New York, Chicago, Boston, Dallas, Greensboro and Seattle) to practice theatre craft through monologue performance. The competition provides students with scholarships in the local and national competition and offers experiences that connect students with African American theatre, social studies and literature.

Financial Overview — FY 2025

$1.2M

Total Revenue

$1.7M

Total Expenses

$597K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 82.1%

Fundraising Efficiency N/A

Operating Reserve 4.31x

Liability-to-Asset 33.6%

Revenue Diversification 66.6%

Compared with Peers

FY 2025

Compared with 1,930 similar organizations (United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2025.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	82.1%	77.7%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	17.9%	14.2%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	5.9%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	4.3 mo	15.8 mo	P10P90	Bottom quarter
Liabilities to assets Total liabilities / total assets · lower is better	33.6%	11.4%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	66.6%	70.6%	P10P90	Above median
Surplus margin Surplus as a share of revenue	-35.4%	0.9%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2025	$1.2M	$1.7M	$597K	82.1%	11
2023	$1.1M	$1.7M	$858K	85.2%	24
2022	$1.5M	$1.8M	$1.4M	74.0%	22
2021	$1.2M	$969K	N/A	—	19

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Organization Details

EIN: 03-0456341
State: GA
City: ATLANTA
ZIP: 30318-5045
Classification: A60
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2002
Foundation Code: 16
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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