Trucking Cares Foundation

Analysis

Trucking Cares Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 December 2023, Trucking Cares Foundation reported income of $581k and spending of $214k, leaving 63% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $94k to $581k (+517%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 236%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trucking Cares Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 46th percentile within DC. Charities of a similar size with the same main cause include Right to Life of Southwest Indiana Educational Trust Fund Inc ($580k), Nokomis Witt Area Ambulance Service ($581k) and Charleston Nutrition Center Inc ($580k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $975k against liabilities of $19k, net assets of $956k.