Tamarisk Inc

Analysis

Tamarisk Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tamarisk Inc reported income of $3.4m and spending of $5.0m, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.9m to $3.4m (-30%), an average of -8.6% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tamarisk Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within RI. Charities of a similar size with the same main cause include Portland Housing Center ($3.4m), Abby Kelley Foster House Inc ($3.4m) and Skyline Cap Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 91% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $7.0m against liabilities of $13.7m, net assets of -$6.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.