Troy Foundation

Analysis

Troy Foundation is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in March 1949, 77 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, Troy Foundation reported income of $12.0m and spending of $10.3m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.4m to $12.0m (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Troy Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Friendship Foundation ($12.0m), Community Foundation of North Central Wisconsin Inc ($12.0m) and United Way of Berks County ($12.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $175k (1.7% of expenses). Other salaries and wages came to $305k. At year end it held assets of $141.2m against liabilities of $8.7m, net assets of $132.5m. It reported 6 employees.