Friends of the Truman Foundation

Analysis

Friends of the Truman Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Friends of the Truman Foundation reported income of $532k and spending of $164k, leaving 69% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $116k to $532k (+358%), an average of +46% a year. The sharpest change came in the year to September 2020, when income rose by 153%. Over the whole period it spent 37% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Truman Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 44th percentile within DC. Charities of a similar size with the same main cause include MCT Endowment Corporation ($531k), 180 House Inc ($532k) and Childrens Health Guild ($531k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 114% of the total. Other salaries and wages came to $82k. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 2 employees.