Tanya Towers Inc

Analysis

Tanya Towers Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2005, 21 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 December 2023, Tanya Towers Inc reported income of $2.3m and spending of $2.4m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $2.1m to $2.3m (+6.0%), an average of +1.2% a year. The sharpest change came in the year to December 2020, when income rose by 170%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tanya Towers Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Jeanne D Arc Manor ($2.3m), Community Services Agency Development Corporation ($2.3m) and Stella Maris House Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. At year end it held assets of $9.0m against liabilities of $7.6m, net assets of $1.4m.