Time for Tots Inc

Analysis

Time for Tots Inc is a registered charity in United States, based in Harlan, IA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2024, Time for Tots Inc reported income of $378k and spending of $431k, spending 114% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $425k to $378k (-11%), an average of -2.9% a year. The sharpest change came in the year to May 2023, when income dropped by 22%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Time for Tots Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within IA. Charities of a similar size with the same main cause include The Ann George Food Pantry ($378k), Encore Studio for the Performing Arts Inc ($378k) and Mayfield Graves County Senior Citizens ($378k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 16% and program service revenue 82% of the total. At year end it held assets of $500k against liabilities of $114k, net assets of $387k. It reported 28 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.