Trustus Inc

Analysis

Trustus Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in February 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Trustus Inc reported income of $665k and spending of $668k, spending 101% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $588k to $665k (+13%), an average of +2.5% a year. The sharpest change came in the year to August 2020, when income dropped by 22%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Trustus Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Responsible Offshore Science Alliance ($665k), Lake Wales Arts Council Inc ($665k) and Spokane Valley Summer Theatre ($665k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 46% and program service revenue 53% of the total. At year end it held assets of $401k against liabilities of $184k, net assets of $217k. It reported 16 employees.