Trousdale Foundation Inc

Analysis

Trousdale Foundation Inc is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in March 1990, 36 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 June 2022, Trousdale Foundation Inc reported income of $86.3m and spending of $86.5m, spending 100% of its income. Across the 3 years on record, from June 2019 to June 2022, income fell from $98.2m to $86.3m (-12%), an average of -6.3% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trousdale Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include St Thomas University Inc ($86.0m), Impactlife ($87.1m) and Chi St Vincent Medical Group Hot Springs ($86.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $36.9m. At year end it held assets of $158.2m against liabilities of $170.6m, net assets of -$12.4m. It reported 1,703 employees.