Tudor Place Foundation Inc

Analysis

Tudor Place Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1989, 37 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, Tudor Place Foundation Inc reported income of $1.7m and spending of $3.0m, spending 180% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $1.7m (-48%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tudor Place Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 63rd percentile within DC. Charities of a similar size with the same main cause include Neighborhood Centers of Corpus Christi Tex ($1.7m), Colorado Cross-Disability Coalition ($1.7m) and Meals on Wheels of Sheboygan County Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $153k (5.2% of expenses). Other salaries and wages came to $851k. At year end it held assets of $1.1m against liabilities of $91k, net assets of $1.0m. It reported 25 employees.