Tomorrows Children Inc

Analysis

Tomorrows Children Inc is a registered charity in United States, based in Waupaca, WI. It received its IRS tax-exemption ruling in December 1973, 53 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tomorrows Children Inc reported income of $4.3m and spending of $4.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $4.3m (+9.4%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tomorrows Children Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Po Ailani ($4.3m), El Regreso Inc ($4.3m) and Williams Bridge Academy ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $247k (5.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $2.1m against liabilities of $1.5m, net assets of $594k. It reported 80 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.