Tarc Inc

Analysis

Tarc Inc is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in March 1956, 70 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tarc Inc reported income of $15.0m and spending of $14.4m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.4m to $15.0m (+20%), an average of +4.7% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tarc Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KS. Charities of a similar size with the same main cause include North County Lifeline Inc ($14.9m), United Zion Retirement Community ($15.0m) and Catholic Charities Diocese of Venice Inc ($14.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $279k (1.9% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $7.4m against liabilities of $738k, net assets of $6.6m. It reported 117 employees.