T L C Home Inc

Analysis

T L C Home Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in August 1983, 43 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 June 2024, T L C Home Inc reported income of $1.8m and spending of $1.6m, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.2m to $1.8m (+48%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 32%. 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, T L C Home Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Winnetka Hockey Club ($1.8m), Presbyterian Camps and Conferences Inc ($1.8m) and San Diego County Junior Golf Association Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $160k (10.0% of expenses). Other salaries and wages came to $813k. At year end it held assets of $1.8m against liabilities of $211k, net assets of $1.6m. It reported 40 employees.