T a P Inc

Analysis

T a P Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in July 1969, 57 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 December 2023, T a P Inc reported income of $1.2m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $727k to $1.2m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, T a P Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Morton County Housing Corporation ($1.2m), Inland Equity Community Land Trust ($1.2m) and Ncba Housing Development Corporation of the District of Col ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $85k (6.8% of expenses). Other salaries and wages came to $588k. At year end it held assets of $3.0m against liabilities of $398k, net assets of $2.6m. It reported 23 employees.