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 2023, Trousdale Foundation Inc reported income of $4.5m and spending of $5.1m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $4.5m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 130% 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 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Second Step Inc ($4.5m), Country Schools ($4.5m) and LA Peninsula Community Organization Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $52k against liabilities of $5.9m, net assets of -$5.9m. It reported 57 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.