Trust Care Group Home Inc

Analysis

Trust Care Group Home Inc is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trust Care Group Home Inc reported income of $3.8m and spending of $3.0m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.8m (+128%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trust Care Group Home Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Advantage Home ($3.8m), Caminar Latino Inc ($3.8m) and Los Cabos Childrens Foundation ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $181k (6.0% of expenses). At year end it held assets of $2.4m against liabilities of $11k, net assets of $2.4m. It reported 66 employees.