TLC Operations Inc

Analysis

TLC Operations Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, TLC Operations Inc reported income of $9.4m and spending of $10.3m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.5m to $9.4m (-1.2%), an average of -0.3% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, TLC Operations Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include United Presbyterian Home ($9.4m), Pierce County Alliance ($9.4m) and Hill Country Daily Bread ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $259k (2.5% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $593k against liabilities of $1.0m, net assets of -$429k. It reported 182 employees.