Trunacy

Analysis

Trunacy is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Trunacy reported income of $65k and spending of $67k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $65k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Trunacy sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within KY. Charities of a similar size with the same main cause include Signal and Cyber Museum Society ($65k), Van Riper House Inc ($65k) and The Conservation Society of York County ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,017 against liabilities of $1,049, net assets of -$32.