Troops First Foundation Incorporated

Analysis

Troops First Foundation Incorporated is a registered charity in United States, based in Mount Airy, MD. It received its IRS tax-exemption ruling in August 2024, 2 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Troops First Foundation Incorporated reported income of $2.9m and spending of $2.4m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $2.9m (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Troops First Foundation Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Boot Campaign Inc ($2.9m), Amvets ($2.9m) and National Christian Charitable Foundation Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $430k (18% of expenses). Other salaries and wages came to $245k. At year end it held assets of $10.3m against liabilities of $26k, net assets of $10.3m. It reported 7 employees.