Traininggroundsinc

Analysis

Traininggroundsinc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Traininggroundsinc reported income of $2.9m and spending of $890k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $2.9m (+1235%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 216%. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Traininggroundsinc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Pedagogy International Inc ($2.9m), Friends School of Minnesota ($2.9m) and Coburg Community Charter School ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10.0% of the total. Compensation of current officers, directors and key employees was $191k (21% of expenses). Other salaries and wages came to $255k. It paid $6,875 in professional fundraising fees. At year end it held assets of $3.5m against liabilities of $196k, net assets of $3.3m. It reported 14 employees.