TPC Social Ventures Inc

Analysis

TPC Social Ventures Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 September 2023, TPC Social Ventures Inc reported income of $1.5m and spending of $1.6m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $1.5m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, TPC Social Ventures Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within RI. Charities of a similar size with the same main cause include Sunshine Industries Unlimited Inc ($1.5m), Anacostia Business Improvement District Corporation ($1.5m) and Campus of the San Antonio Jewish Community ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $208k. At year end it held assets of $509k against liabilities of $102k, net assets of $406k. It reported 10 employees.