Tugg Corp

Analysis

Tugg Corp is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Tugg Corp reported income of $178k and spending of $190k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $304k to $178k (-41%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tugg Corp sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Gay for Good ($178k), Presbyterian Village Foundation Inc ($178k) and Order of Demolay in Pennsylvania ($178k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $5,518, net assets of $5,833.