Tri-County Community Action Agency Inc

Analysis

Tri-County Community Action Agency Inc is a registered charity in United States, based in South Boston, VA. It received its IRS tax-exemption ruling in June 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Tri-County Community Action Agency Inc reported income of $4.3m and spending of $4.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.3m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tri-County Community Action Agency Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include New Mexico Christian Childrens Home Inc ($4.3m), Boyds Kinsman Home Inc ($4.3m) and Tuscaloosa Family Resource Center Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 0.4% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $2.6m against liabilities of $371k, net assets of $2.2m. It reported 82 employees.