Trustbridge Inc

Analysis

Trustbridge Inc is a registered charity in United States, based in Lakewood Ranch, FL. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trustbridge Inc reported income of $49.7m and spending of $49.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $44.6m to $49.7m (+11%), an average of +2.7% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trustbridge Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Adventhealth Home Health and Hospice Inc ($49.7m), Food Bank of Central New York ($49.7m) and Tfi Family Services Inc ($49.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.4m (4.9% of expenses). Other salaries and wages came to $22.9m. At year end it held assets of $213.3m against liabilities of $48.1m, net assets of $165.2m. It reported 328 employees.