Tsic Inc

Analysis

Tsic Inc is a registered charity in United States, based in Davie, FL. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 2023, Tsic Inc reported income of $7.9m and spending of $8.6m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.8m to $7.9m (-10.0%), an average of -2.6% a year. Over the whole period it spent 100% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Tsic Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Center for Hope Inc ($7.9m), Cair Foundation Inc ($7.9m) and Oregon Law Foundation ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $248k (2.9% of expenses). Other salaries and wages came to $966k. At year end it held assets of $7.1m against liabilities of $2.1m, net assets of $5.0m. It reported 17 employees.