Tranquil House Inc

Analysis

Tranquil House Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Tranquil House Inc reported income of $79k and spending of $116k, spending 147% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $106k to $79k (-25%), an average of -26% a year. The sharpest change came in the year to September 2023, when income dropped by 25%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tranquil House Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within KY. Charities of a similar size with the same main cause include South Texas Youth Soccer Association ($79k), Yada International ($79k) and Greater Harbor Springs Area Planning Resource Group ($79k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $198k against liabilities of $567k, net assets of -$369k.