Trybe Inc

Analysis

Trybe Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in September 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, Trybe Inc reported income of $4.8m and spending of $4.8m, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $133k to $4.8m (+3482%), an average of +105% a year. The sharpest change came in the year to December 2020, when income rose by 2272%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trybe Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include The Arc of Ouachita ($4.8m), The Home for the Aged of the Little Sisters of the Poor Inc ($4.8m) and Creative Minds Adp Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $834k (17% of expenses). Other salaries and wages came to $869k. At year end it held assets of $4.9m against liabilities of $381k, net assets of $4.5m. It reported 70 employees.