Tsunami Enterprises

Analysis

Tsunami Enterprises is a registered charity in United States, based in Ukiah, CA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Tsunami Enterprises reported income of $862k and spending of $779k, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $721k to $862k (+20%), an average of +6.1% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tsunami Enterprises sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Nashua Community Arts ($862k), Jackson County Fair Association ($862k) and Spouse Sexual Abuse Family Education Center Inc ($862k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $392k (50% of expenses). Other salaries and wages came to $91k. At year end it held assets of $406k against liabilities of $0, net assets of $406k. It reported 7 employees.