Truscott Community Foundation

Analysis

Truscott Community Foundation is a registered charity in United States, based in Truscott, TX. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Truscott Community Foundation reported income of $348k and spending of $180k, leaving 48% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $123k to $348k (+182%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Truscott Community Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Team Everest USA ($348k), Capital City Education Foundation Inc ($348k) and H2h Ministries Inc ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 118% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $58k (32% of expenses). Other salaries and wages came to $9,000. At year end it held assets of $393k against liabilities of $4,379, net assets of $389k. It reported 2 employees.