Mission
TRUFUND'S (TFS) MISSION IS TO PROMOTE AND FOSTER ECONOMIC DEVELOPMENT IN UNDERSERVED COMMUNITIES AND AMONG DISADVANTAGED POPULATIONS. FOR MORE INFORMATION, SEE SCHEDULE O.
Public Charity
TRUFUND FINANCIAL SERVICES INC
TRUFUND FINANCIAL SERVICES INC, of NEW YORK, NY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $16.3M in revenue, $14.6M in expenses, $50.0M in total assets. 15 publicly reported grants to this organization, totaling roughly $19.2M, appear in IRS filings.
EIN: 593814814
NEW YORK, NY
Economic Development
NTEE: S30
Latest filing: 2024
Total Revenue$16.3M
Total Expenses$14.6M
Total Assets$50.0M
Grant Records15
Funding Total$19.2M
Filing Years2018–2024
Where $100 goes at Trufund Financial Services Inc
How Trufund Financial Services Inc divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.
$68
Programs
the work itself
$28
Management
running the organization
$4
Fundraising
raising the next dollar
Inside the $68 for programs
$68
Small business lending
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
PUBLIC, SOCIETAL BENEFIT
$10,000,000
OPERATING GRANT
$250,000
CHARITABLE DONATION
$25,000
DEVELOPMENT
$60,000
OPERATING SUPPORT
$18,750
Showing up to 5 of 15 total records — full history available with membership.
Officers & Directors
SVP - MANAGING DIRECTOR NAT'L MARKET
Akimie Carter Evans
BOARD MEMBER - JOINED SEPT 2024
B Seth Bryant
BOARD MEMBER - LEFT JULY 2024
Carmen Manoyan
BOARD MEMBER
Carra Wallace
SECRETARY - LEFT JULY 2024
Celayne Hill
SVP- CFO - LEFT MAY 2024
Charles Foster
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $16.3M | $14.6M | $50.0M |
| 2023 | $12.0M | $10.6M | $51.8M |
| 2022 | $16.0M | $9.6M | $48.5M |
| 2019 | $2.3M | $5.0M | $14.2M |
| 2018 | $5.0M | $6.1M | $14.4M |
Between 2018 and 2024, reported annual revenue grew from $5.0M to $16.3M (+224%), with total assets most recently reported at $50.0M.
Interactive year-over-year charts and full filing details available with membership.