Trusted World Foundation Inc

Analysis

Trusted World Foundation Inc is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Trusted World Foundation Inc reported income of $6.0m and spending of $5.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $6.0m (+303%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trusted World Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Gather ($6.0m), Pocono Services for Families and Children Inc ($6.0m) and Life Enriching Communities Foundation ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $149k (2.6% of expenses). Other salaries and wages came to $394k. It paid $51k in professional fundraising fees. At year end it held assets of $3.7m against liabilities of $73k, net assets of $3.7m. It reported 16 employees.