Public Charity

TRUTH IN ACCOUNTING

TRUTH IN ACCOUNTING is a Public Charity headquartered in GLENCOE, IL. Financial data from the 2025 filing: $192K revenue, $184K expenses, $235K total assets. 14 publicly reported grants to this organization, totaling roughly $531K, appear in IRS filings.

EIN: 352185292 GLENCOE, IL Public Finance, Taxation & Monetary Policy NTEE: W22 Latest filing: 2025
Total Revenue$192K
Total Expenses$184K
Total Assets$235K
Grant Records14
Funding Total$531K
Filing Years2020–2025

Mission

EDUCATING AND EMPOWERING CITIZENS WITH UNDERSTANDABLE, RELIABLE, AND TRANSPARENT GOVERNMENTAL FINANCIAL INFORMATION.

Where $100 goes at Truth in Accounting

How Truth in Accounting divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$76 Programs the work itself
$13 Management running the organization
$11 Fundraising raising the next dollar

Inside the $76 for programs

$76
Educational programs and materials
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
$10,000
2023
FOR RECIPIENT'S EXEMPT PURPOSE
$10,000
2023
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
$10,000
2022
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
$10,000
2021
For recipient's exempt purpose
$11,000

Showing up to 5 of 14 total records — full history available with membership.

Officers & Directors

BOARD MEMBER Chuck Chokel
CEO/BOARD MEMBER/PRESIDENT Sheila A Weinberg
BOARD MEMBER/CHAIR OF DEVE Tom Wright
BOARD MEMBER/TREASURER Vincent Kolber

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$513,000 13 grants
Research & Policy
$18,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $192K $184K $235K
2024 $246K $218K $232K
2023 $215K $239K $199K
2022 $275K $224K $264K
2020 $558K $735K $72K

Between 2020 and 2025, reported annual revenue declined from $558K to $192K (-66%), with total assets most recently reported at $235K.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for TRUTH IN ACCOUNTING

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