Trustbridge Foundation Inc

Analysis

Trustbridge Foundation 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 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, Trustbridge Foundation Inc reported income of $10.5m and spending of $6.8m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.3m to $10.5m (+2.2%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 332%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trustbridge Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Ability Plus Inc ($10.5m), Age Well Inc ($10.5m) and Project Amistad ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $655k (9.6% of expenses). Other salaries and wages came to $324k. At year end it held assets of $158.7m against liabilities of $1.2m, net assets of $157.5m. It reported 26 employees.