Tockwotton Home

Analysis

Tockwotton Home is a registered charity in United States, based in East Providence, RI. It received its IRS tax-exemption ruling in September 1945, 81 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Tockwotton Home reported income of $17.3m and spending of $17.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.2m to $17.3m (+0.6%), an average of +0.2% a year. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tockwotton Home sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within RI. Charities of a similar size with the same main cause include Catholic Residential Services Inc ($17.3m), Lesbian and Gay Community Services Center Inc ($17.3m) and The Arc of Palm Beach County Inc ($17.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $527k (3.0% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $55.2m against liabilities of $43.7m, net assets of $11.5m. It reported 222 employees.

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.