Christmas Toy Shop Project Inc

Analysis

Christmas Toy Shop Project Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in May 1960, 66 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 May 2023, Christmas Toy Shop Project Inc reported income of $76k and spending of $61k, spending 80% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $57k to $76k (+33%), an average of +7.3% a year. The sharpest change came in the year to May 2023, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Christmas Toy Shop Project Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include Particular Council Society of St Vincent de Paul ($76k), Citrus County Veterans Foundation Inc ($76k) and Lillian Hagopian Corey Charitable T Rust ($76k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $679k against liabilities of $0, net assets of $679k.