Tremont Betterment Association

Analysis

Tremont Betterment Association is a registered charity in United States, based in Tremont, IL. It received its IRS tax-exemption ruling in August 1977, 49 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Tremont Betterment Association reported income of $90k and spending of $48k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $103k to $90k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tremont Betterment Association 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 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include Highland Woods Community Center and Park Inc ($90k), Sheet Metal Jatc Ma 1277 Apprenticeship Training Trust ($90k) and C R I Commercial Services ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $335k against liabilities of $0, net assets of $335k.