Training & Research Foundation

Analysis

Training & Research Foundation is a registered charity in United States, based in Tustin, CA. It received its IRS tax-exemption ruling in October 1972, 54 years ago. 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 June 2023, Training & Research Foundation reported income of $1.7m and spending of $1.5m, spending 87% of its income. Across the 4 years on record, from December 2018 to June 2023, income fell from $20.3m to $1.7m (-92%), an average of -56% a year. The sharpest change came in the year to June 2023, when income rose by 223%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Training & Research Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Washington Defender Association ($1.7m), Korean Community Development Services Center ($1.7m) and Hillel the Foundation for Jewish Campus Life ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $878k. At year end it held assets of $1.4m against liabilities of $1.5m, net assets of -$62k. It reported 42 employees.