Trustlab

Analysis

Trustlab is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Trustlab reported income of $80k and spending of $64k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $98k to $80k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 74% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Trustlab sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within OR. Charities of a similar size with the same main cause include Weedsport Volunteer Fire Department ($80k), Stratham Volunteer Fire Department Association ($80k) and Jefferson Township Fire Department No 1 of Milton ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.