Historic Takoma Inc

Analysis

Historic Takoma Inc is a registered charity in United States, based in Takoma Park, MD. It received its IRS tax-exemption ruling in April 1981, 45 years ago. 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, Historic Takoma Inc reported income of $165k and spending of $160k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $127k to $165k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Takoma Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Ainbinder Evangelistic Ministries Inc ($165k), Tmta Foundation ($165k) and East End Improvement Corporation ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $706k against liabilities of $0, net assets of $706k.