Tammy Lynn Memorial Foundation Inc

Analysis

Tammy Lynn Memorial Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Tammy Lynn Memorial Foundation Inc reported income of $1.7m and spending of $531k, leaving 68% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.7m (+2.2%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income rose by 105%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tammy Lynn Memorial Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Council of Islamic Organizations of Greater Chicago ($1.7m), Village of Promise Incorporated ($1.7m) and Timberline Learning Center ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $7.9m against liabilities of $1.1m, net assets of $6.8m.