Trust Project

Analysis

Trust Project is a registered charity in United States, based in Pacifica, CA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. 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, Trust Project reported income of $576k and spending of $1.3m, spending 234% of what it took in. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trust Project sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Tri State Broadcasting Assn Inc ($576k), Fellowship Cup Corporation ($576k) and Veterans Resource Group Inc ($576k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $215k (16% of expenses). Other salaries and wages came to $320k. At year end it held assets of $583k against liabilities of $131k, net assets of $452k. It reported 5 employees.