The Troy Andrews Foundation

Analysis

The Troy Andrews Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, The Troy Andrews Foundation reported income of $1.2m and spending of $961k, spending 81% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $167k to $1.2m (+610%), an average of +48% a year. The sharpest change came in the year to June 2021, when income rose by 445%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Troy Andrews Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within LA. Charities of a similar size with the same main cause include Amarillo Little Theatre Inc ($1.2m), Lutcher Theater Inc ($1.2m) and Boulder Philharmonic Orchestra ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $144k (15% of expenses). Other salaries and wages came to $190k. At year end it held assets of $3.1m against liabilities of $22k, net assets of $3.1m. It reported 4 employees.