Troy Center

Analysis

Troy Center is a registered charity in United States, based in Columbia City, IN. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Troy Center reported income of $994k and spending of $764k, leaving 23% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $747k to $994k (+33%), an average of +7.4% a year. The sharpest change came in the year to July 2023, when income rose by 23%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Troy Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Gateway Montessori House Inc ($994k), Boone Beginnings Early Childhood and Family Development Center Inc ($994k) and Cooper-Hansen Foundation ($994k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 64% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $50k (6.5% of expenses). Other salaries and wages came to $523k. At year end it held assets of $1.2m against liabilities of $1, net assets of $1.2m. It reported 24 employees.