Trimount Foundation Inc

Analysis

Trimount Foundation Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in February 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trimount Foundation Inc reported income of $1.9m and spending of $197k, leaving 90% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $146k to $1.9m (+1231%), an average of +91% a year. The sharpest change came in the year to December 2021, when income rose by 17632%. Over the whole period it spent 7.2% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trimount Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Boy Scouts of America ($1.9m), Ronald McDonald House Charities Detroit ($1.9m) and Topeka Habitat for Humanity Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 0.2% of the total. At year end it held assets of $16.7m against liabilities of $25k, net assets of $16.7m.