Tonyshope Inc

Analysis

Tonyshope Inc is a registered charity in United States, based in North Canton, OH. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Tonyshope Inc reported income of $103k and spending of $103k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $89k to $103k (+16%), an average of +5.0% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tonyshope Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OH. Charities of a similar size with the same main cause include Mel Lamar Ministries Inc ($103k), Waymakers ($103k) and Corporate Bet Midrash - CBM Inc ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.