Trove Global Impact Foundation Inc
EIN: 263550119 · Brentwood, TN · NTEE: J99
| Metric | Value |
|---|---|
| Total Revenue | $101K |
| Total Expenses | $46K |
| Net Assets | $9K |
Is Trove Global Impact Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Trove Global Impact Foundation Inc
Trove Global Impact Foundation Inc (EIN: 263550119) is a nonprofit organization based in Brentwood, TN, classified under NTEE code J99. The organization reported total revenue of $101K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trove Global Impact Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trove Global Impact Foundation Inc is a small nonprofit that has been operating for 17 years, with 8 years of IRS 990 filings on record (2016–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $46K |
| Surplus / Deficit | +$837 |
| Total Assets | $9K |
| Net Assets | $9K |
| Operating Margin | 1.8% |
| Months of Reserves | 2.5 months |
Financial Health Grade: A
In 2023, Trove Global Impact Foundation Inc reported a surplus of $837 with revenue exceeding expenses, holds 2.5 months of operating reserves (limited).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -60.6% | -66.0% | +9.7% |
| 2022 | +8.3% | +0.9% | -65.6% |
| 2021 | -21.1% | -0.3% | -49.3% |
| 2020 | -27.7% | -15.1% | +10.3% |
| 2019 | +413.1% | +445.5% | +318.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Trove Global Impact Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Trove Global Impact Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $837, with revenue exceeding expenses.
Frequently Asked Questions about Trove Global Impact Foundation Inc
Is Trove Global Impact Foundation Inc a legitimate charity?
Trove Global Impact Foundation Inc (EIN: 263550119) is a registered tax-exempt nonprofit based in Tennessee. It has 8 years of IRS 990 filings on record. Total revenue: $101K. No red flags identified. Financial health grade: A.
How does Trove Global Impact Foundation Inc spend its money?
Trove Global Impact Foundation Inc reported $101K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Trove Global Impact Foundation Inc tax-deductible?
Trove Global Impact Foundation Inc is registered as a tax-exempt nonprofit (EIN: 263550119). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Trove Global Impact Foundation Inc located?
Trove Global Impact Foundation Inc is headquartered in Brentwood, Tennessee and files with the IRS under EIN 263550119. It is classified under NTEE code J99.
How many years of IRS 990 filings does Trove Global Impact Foundation Inc have?
Trove Global Impact Foundation Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $101K in total revenue.
Filing History
IRS 990 filing history for Trove Global Impact Foundation Inc showing financial trends over 8 years of public records:
Total assets increased by 945700% over the same period, from $1 to $9K. In its most recent filing year (2023), Trove Global Impact Foundation Inc reported a surplus of $837, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47K | $46K | $9K | $0 | — | — |
| 2022 | $119K | $136K | $9K | $0 | — | View 990 |
| 2021 | $110K | $134K | $25K | $0 | — | View 990 |
| 2020 | $140K | $135K | $50K | $0 | — | View 990 |
| 2019 | $193K | $159K | $45K | $0 | — | View 990 |
| 2018 | $38K | $29K | $11K | $0 | — | View 990 |
| 2017 | $2K | $0 | $2K | $0 | — | View 990 |
| 2016 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47K, expenses of $46K, and assets of $9K (revenue -60.6% year-over-year).
- 2022: Revenue of $119K, expenses of $136K, and assets of $9K (revenue +8.3% year-over-year).
- 2021: Revenue of $110K, expenses of $134K, and assets of $25K (revenue -21.1% year-over-year).
- 2020: Revenue of $140K, expenses of $135K, and assets of $50K (revenue -27.7% year-over-year).
- 2019: Revenue of $193K, expenses of $159K, and assets of $45K (revenue +413.1% year-over-year).
- 2018: Revenue of $38K, expenses of $29K, and assets of $11K (revenue +1589.6% year-over-year).
- 2017: Revenue of $2K, expenses of $0, and assets of $2K.
- 2016: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trove Global Impact Foundation Inc:
Data Sources and Methodology
This transparency report for Trove Global Impact Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.