Tmit Global Corp

Analysis

Tmit Global Corp is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in June 1986, 40 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Tmit Global Corp reported income of $315k and spending of $165k, leaving 48% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $238k to $315k (+33%), an average of +9.9% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tmit Global Corp sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Junior League of Gainesville- Hall County Inc ($315k), Visiting Nurse First Care Inc ($315k) and Capital Area Therapeutic Riding Associaton ($315k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 108% of the total. At year end it held assets of $161k against liabilities of $30k, net assets of $131k.