Tamassee Hope Village Inc

Analysis

Tamassee Hope Village Inc is a registered charity in United States, based in Tamassee, SC. It received its IRS tax-exemption ruling in July 1942, 84 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, Tamassee Hope Village Inc reported income of $2.0m and spending of $2.6m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $2.0m (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tamassee Hope Village Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Golden Age Senior Citizens ($2.0m), Theatre in the Park Inc ($2.0m) and Housing and Neighborhood Development Services Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $96k (3.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $20.1m against liabilities of $137k, net assets of $19.9m. It reported 67 employees.