TLC Homelessness Board

Analysis

TLC Homelessness Board is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in September 2005, 21 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 2023, TLC Homelessness Board reported income of $2.4m and spending of $2.7m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.4m (+135%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, TLC Homelessness Board sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include No Limits Learning Center ($2.4m), Luminus Network Inc ($2.4m) and Oklahoma Community Service Commission Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $111k (4.1% of expenses). Other salaries and wages came to $465k. At year end it held assets of $1.7m against liabilities of $2.0m, net assets of -$220k. It reported 14 employees.