TPF Foundation Inc

Analysis

TPF Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, TPF Foundation Inc reported income of $104k and spending of $117k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $125k to $104k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, TPF Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Legacy a Residential Recovery Program for Women ($104k), 123 Credit Counselors Inc ($104k) and Wyo West Warrior Foundation ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.