Trusted Capabilities and Readiness Development Foundation Inc

Analysis

Trusted Capabilities and Readiness Development Foundation Inc is a registered charity in United States, based in Tougaloo, MS. It received its IRS tax-exemption ruling in June 2019, 7 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, Trusted Capabilities and Readiness Development Foundation Inc reported income of $690k and spending of $623k, spending 90% of its income. Across the 4 years on record, from December 2018 to December 2023, income fell from $1.0m to $690k (-31%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 64%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trusted Capabilities and Readiness Development Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within MS. Charities of a similar size with the same main cause include Mysa School Inc ($690k), H-Net Humanities & Social Sciences Online ($690k) and Lupine Montessori School ($690k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $249k (40% of expenses). At year end it held assets of $1.1m against liabilities of $16k, net assets of $1.1m.