Tibetan Charities Inc

Analysis

Tibetan Charities Inc is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in December 2010, 16 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 (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 2022, Tibetan Charities Inc reported income of $441k and spending of $296k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $317k to $441k (+39%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 295%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tibetan Charities Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Grand Chapter of Florida Order of the Eastern Star Charitable ($441k), United Way of West Ellis Couny Inc ($441k) and Jens Friends Cancer Foundation ($441k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 16% of the total. Compensation of current officers, directors and key employees was $79k (27% of expenses). Other salaries and wages came to $80k. At year end it held assets of $878k against liabilities of $666k, net assets of $213k.