Tourism Recreation Investment Partnership for DC Foundation

Analysis

Tourism Recreation Investment Partnership for DC Foundation is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Tourism Recreation Investment Partnership for DC Foundation reported income of $137k and spending of $163k, spending 119% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $375k to $137k (-63%), an average of -28% a year. The sharpest change came in the year to June 2022, when income dropped by 66%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tourism Recreation Investment Partnership for DC Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Turn Inc ($137k), Bridge Rockford Alliance ($137k) and Mahnomen County Day Activities Center ($137k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $71k (44% of expenses). At year end it held assets of $113k against liabilities of $0, net assets of $113k.