Trumerit

Analysis

Trumerit is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Trumerit reported income of $57.8m and spending of $29.2m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.0m to $57.8m (+205%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Trumerit sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Monongalia Health System Inc ($57.7m), Concern for Independent Living Inc ($57.9m) and Dallas Physician Medical Services for Children Inc ($57.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $858k (2.9% of expenses). Other salaries and wages came to $15.1m. At year end it held assets of $67.8m against liabilities of $18.8m, net assets of $49.0m. It reported 328 employees.