TNM Asset Management Organization NFP

Analysis

TNM Asset Management Organization NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, TNM Asset Management Organization NFP reported income of $970k and spending of $890k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $409k to $970k (+137%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 59%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, TNM Asset Management Organization NFP sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Lydias House in Southeast ($970k), Together We Bake ($970k) and Creative Achievements ($970k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 32% of the total. At year end it held assets of $3.0m against liabilities of $22k, net assets of $3.0m.