Tcs-1

Analysis

Tcs-1 is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in February 1970, 56 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 October 2023, Tcs-1 reported income of $1.8m and spending of $1.8m, spending 99% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.7m to $1.8m (+7.1%), an average of +1.7% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tcs-1 sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Genesis Lifecare Corp ($1.8m), Wesley Rydell Housing Corporation ($1.8m) and Tri-Counties Community Housing Corporation ($1.8m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $157k (8.9% of expenses). Other salaries and wages came to $232k. At year end it held assets of $4.3m against liabilities of $1.3m, net assets of $3.1m. It reported 8 employees.