Timc Ltd

Analysis

Timc Ltd is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 September 2023, Timc Ltd reported income of $2.5m and spending of $2.2m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $2.5m (+49%), an average of +10% a year. The sharpest change came in the year to September 2022, when income rose by 50%. Over the whole period it spent 95% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Timc Ltd sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within DE. Charities of a similar size with the same main cause include WBCSD US Inc ($2.5m), LRBT USA Inc ($2.5m) and Naomis Village Inc ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $182k. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.