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. 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 June 2023, Trousdale Foundation Inc reported income of $3.0m and spending of $3.6m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.0m (+8.3%), an average of +2.0% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Trousdale Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Gi Health Foundation Inc ($3.0m), Oklahoma Community Health Centers Inc ($3.0m) and Merakey Midwest ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $2.5m against liabilities of $4.1m, net assets of -$1.6m. It reported 102 employees.