Trumbull Loves Children T L C Inc

Analysis

Trumbull Loves Children T L C Inc is a registered charity in United States, based in Trumbull, CT. It received its IRS tax-exemption ruling in March 1987, 39 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 August 2023, Trumbull Loves Children T L C Inc reported income of $1.8m and spending of $1.4m, spending 82% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.8m to $1.8m (-4.2%), an average of -1.1% a year. The sharpest change came in the year to August 2022, when income rose by 354%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trumbull Loves Children T L C 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 85th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Center for Lay Ministries Inc ($1.8m), Shelter for Help in Emergency ($1.8m) and South Asian Network Inc ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $101k (6.9% of expenses). Other salaries and wages came to $805k. At year end it held assets of $867k against liabilities of $805k, net assets of $61k. It reported 59 employees.