Tapestry Development Group Inc

Analysis

Tapestry Development Group Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Tapestry Development Group Inc reported income of $1.1m and spending of $589k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $838k to $1.1m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 63% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tapestry Development Group Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Veterans in Community Service Inc ($1.1m), Parkview Christian Estates ($1.1m) and Monsignor Bishop Manor Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $238k (41% of expenses). Other salaries and wages came to $57k. At year end it held assets of $6.3m against liabilities of $3.4m, net assets of $2.9m. It reported 3 employees.