Trilith Foundation Inc

Analysis

Trilith Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 2022, 4 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, Trilith Foundation Inc reported income of $3.9m and spending of $3.8m, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $3.9m (+5068%), an average of +5068% a year. The sharpest change came in the year to December 2023, when income rose by 5068%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Trilith Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Impact Foundation ($3.9m), Association of State Service Commissions ($3.9m) and Community Foundation of NC East Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $229k (6.0% of expenses). Other salaries and wages came to $35k. At year end it held assets of $333k against liabilities of $104k, net assets of $229k.