Tabitha Inc

Analysis

Tabitha Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in February 1943, 83 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, Tabitha Inc reported income of $59.0m and spending of $63.6m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $61.6m to $59.0m (-4.2%), an average of -1.1% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tabitha Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NE. Charities of a similar size with the same main cause include Tampa Bay Performing Arts Center ($58.9m), Andeco Institute ($59.1m) and Kipp St Louis ($58.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $947k (1.5% of expenses). Other salaries and wages came to $33.3m. At year end it held assets of $71.2m against liabilities of $58.3m, net assets of $12.9m. It reported 1,144 employees.