Trace Inc

Analysis

Trace Inc is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in December 1994, 32 years ago. 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 December 2023, Trace Inc reported income of $36.4m and spending of $36.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.3m to $36.4m (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trace Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within ID. Charities of a similar size with the same main cause include Vista Maria ($36.3m), Habitat for Humanity International Inc ($36.5m) and California State University Fresno Athletic Corporation ($36.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $803k (2.2% of expenses). Other salaries and wages came to $19.2m. At year end it held assets of $22.4m against liabilities of $1.6m, net assets of $20.8m. It reported 1,381 employees.