Tibet Center Inc

Analysis

Tibet Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1975, 51 years ago. 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 December 2023, Tibet Center Inc reported income of $209k and spending of $259k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $209k (+41%), an average of +9.1% a year. The sharpest change came in the year to December 2022, when income rose by 189%. Over the whole period it spent 157% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tibet Center Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Sonoma County Safe and Sober Project Graduation ($209k), Grey Team Inc ($209k) and T Ai Chi Foundation Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Other salaries and wages came to $121k. At year end it held assets of $829k against liabilities of $71k, net assets of $758k. It reported 2 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.