Tor Gul Inc

Analysis

Tor Gul Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in March 1989, 37 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, Tor Gul Inc reported income of $125k and spending of $102k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $125k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tor Gul Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 36th percentile within ME. Charities of a similar size with the same main cause include E S Freedom Housing Development Fund Company Inc ($125k), The Annapolis Rowing Club Inc ($125k) and Canaan Shin Sheng Christian Church ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.