Troy Reinvestment Fund

Analysis

Troy Reinvestment Fund is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Troy Reinvestment Fund reported income of $52k and spending of $2,712, leaving 95% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $52k (-95%), an average of -52% a year. The sharpest change came in the year to December 2021, when income rose by 161%. Over the whole period it spent 2.7% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Troy Reinvestment Fund sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within OH. Charities of a similar size with the same main cause include Honey Branch Industrial Development Authority Inc ($52k), Junior League of Fresno Inc ($52k) and Black Rock Community Council Inc ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $1.1m against liabilities of $1,490, net assets of $1.1m.