Homes by TLC Inc

Analysis

Homes by TLC Inc is a registered charity in United States, based in Lawrenceville, NJ. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Homes by TLC Inc reported income of $4.5m and spending of $1.8m, leaving 60% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $4.5m (+238%), an average of +36% a year. The sharpest change came in the year to September 2023, when income rose by 137%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homes by TLC Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Alpha Resource Center of Santa Barbara ($4.5m), Guardians of Love ($4.5m) and Abc of NC Child Development Center ($4.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 67% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $12k (0.7% of expenses). At year end it held assets of $20.4m against liabilities of $11.9m, net assets of $8.5m. It reported 1 employees.