Tops Club Inc

Analysis

Tops Club Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in January 1966, 60 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Tops Club Inc reported income of $2.9m and spending of $4.2m, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.6m to $2.9m (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 43%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tops Club Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include Friendship Hlh&a Inc ($2.9m), Fogarty Institute for Innovation ($2.9m) and St Gabriel Health Clinic Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $267k (6.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.7m against liabilities of $2.7m, net assets of -$981k. It reported 29 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.