Traveling Press Fund Inc

Analysis

Traveling Press Fund Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Traveling Press Fund Inc reported income of $3.7m and spending of $8.1m, spending 219% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $418k to $3.7m (+789%), an average of +73% a year. The sharpest change came in the year to December 2020, when income rose by 1193%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Traveling Press Fund Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Guidestream Charitable Gift Fund ($3.7m), Eagle Mount - Bozeman ($3.7m) and United Way of Northwest Vermont Inc ($3.7m).

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 $1.3m against liabilities of $3,967, net assets of $1.3m.