Tamarlane Industries

Analysis

Tamarlane Industries is a registered charity in United States, based in Beaver Dam, KY. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Tamarlane Industries reported income of $1.4m and spending of $1.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $1.4m (-47%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tamarlane Industries sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within KY. Charities of a similar size with the same main cause include Southwest Louisiana Alliance Foundation Inc ($1.4m), Chamber Foundation ($1.4m) and Stafford County Economic Development Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $127k (9.0% of expenses). Other salaries and wages came to $919k. At year end it held assets of $3.3m against liabilities of $417k, net assets of $2.9m. It reported 129 employees.