TSBS Inc

Analysis

TSBS Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in November 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, TSBS Inc reported income of $2.5m and spending of $2.2m, spending 88% of its income. Across the 5 years on record, from June 2020 to August 2023, income grew from $1.9m to $2.5m (+27%), an average of +6.2% a year. The sharpest change came in the year to August 2023, when income rose by 4909%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, TSBS Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within LA. Charities of a similar size with the same main cause include Foundation of the Professional Convention Management Asso ($2.5m), Granville Christian Academy Inc ($2.5m) and Alaska School Activities Association Inc ($2.5m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $272k (13% of expenses). Other salaries and wages came to $375k. At year end it held assets of $6.6m against liabilities of $62k, net assets of $6.6m. It reported 14 employees.