Tye Economic Development Corporation

Analysis

Tye Economic Development Corporation is a registered charity in United States, based in Tye, TX. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Tye Economic Development Corporation reported income of $279k and spending of $104k, leaving 63% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $232k to $279k (+20%), an average of +6.2% a year. The sharpest change came in the year to September 2022, when income rose by 56%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tye Economic Development Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Bay Area Asian Sports ($279k), Mudsock Youth Soccer Inc ($279k) and Creative Player Sports Foundation ($279k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 113% of the total. Compensation of current officers, directors and key employees was $26k (25% of expenses). At year end it held assets of $1.1m against liabilities of $1,629, net assets of $1.1m. It reported 1 employees.