TLC Foundation Inc

Analysis

TLC Foundation Inc is a registered charity in United States, based in Manchester, CT. It received its IRS tax-exemption ruling in July 1984, 42 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 June 2022, TLC Foundation Inc reported income of $183k and spending of $150k, spending 82% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $208k to $183k (-12%), an average of -4.3% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, TLC Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within CT. Charities of a similar size with the same main cause include Qcair ($183k), United Through Education ($183k) and Centro Del Inmigrante Inc ($183k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $21k (14% of expenses). Other salaries and wages came to $65k. At year end it held assets of $79k against liabilities of $6,133, net assets of $73k. It reported 7 employees.