Timothy Place NFP

Analysis

Timothy Place NFP is a registered charity in United States, based in Elmhurst, IL. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Timothy Place NFP reported income of $22.5m and spending of $26.3m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.8m to $22.5m (+8.2%), an average of +2.0% a year. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Timothy Place NFP sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Dow Rummel Village ($22.5m), San Diego Youth Services ($22.5m) and Don Services Inc ($22.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Other salaries and wages came to $7.9m. At year end it held assets of $123.7m against liabilities of $230.6m, net assets of -$106.9m. It reported 372 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.