Trophy Cares

Analysis

Trophy Cares is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trophy Cares reported income of $194k and spending of $91k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $194k (+541%), an average of +541% a year. The sharpest change came in the year to December 2023, when income rose by 541%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trophy Cares sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within VA. Charities of a similar size with the same main cause include Dusty Elam Foundation Inc ($194k), Agape Family Life Center Inc ($194k) and Teaghlach Ranch ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 49% of the total. At year end it held assets of $1,453 against liabilities of $0, net assets of $1,453.