The Tire Society Incorporated

Analysis

The Tire Society Incorporated is a registered charity in United States, based in North Canton, OH. It received its IRS tax-exemption ruling in October 1993, 33 years ago. 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, The Tire Society Incorporated reported income of $158k and spending of $120k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $159k to $158k (-0.6%), an average of -0.6% a year. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Tire Society Incorporated sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Grover C Shoemaker Memorial Fund ($158k), Memphis and Shelby County Bar Foundation ($158k) and Indiana Fiscal Policy Institute Inc ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 64% of the total. At year end it held assets of $230k against liabilities of $47k, net assets of $183k.