Nonprofit screen
Screen a listTrufund Financial Services Inc
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$16Mrevenue
FY202464staff
6 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin10.7%
Months of reserve15.6mo
Revenue growth (annualized)+20.3%
Middle half of peersMedianTrufund Financial Services
Where the money goes FY2024 · $15M spent
Programs$11M73%Management and general$3.0M20%Fundraising$942k6%990 FY2024 · Part IX line 25
Worth checking1
No returns on record for FY2020–FY2021
It filed for FY2019 and FY2022, with nothing on record in between.
IRS 990 e-file recordsIn its favor3
Strong governance
13 of 13 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 20% a year since FY2017, in the top quarter of similar nonprofits.
990 Part I · peer cohortA history of government grants
Government grants on 6 of its 6 returns, 16% of revenue in FY2024. $20M is traced federal awards from Department of Commerce.
990 Part VIII · USAspending17funders
$3.7Ma year, last 3 years
66%from its largest funder
Funder’18’19’20’21’22’23Jpmorgan Chase FoundationOn and off$300k$50k$500kThe Ford FoundationOn and off$600kOpportunity Finance NetworkOn and off$150k$100kRegions FoundationStopped after FY2021$50k$100k–Nola Business AllianceSince FY2022$60k$60kCommunity Reinvestment Fund IncOn and off$35k$19kDonor-advised giftsDonors not disclosed$100k$8.1M$500k$183 other fundersUp to $1.0M a year each$1.0M$70k
FundedThrough a donor-advised fundStopped