Tims Clube

Analysis

Tims Clube is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Tims Clube reported income of $311k and spending of $256k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $187k to $311k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tims Clube sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within IA. Charities of a similar size with the same main cause include Open Arms Development Corporation ($311k), Catholic Housing Corporation of Mt Penn Inc ($311k) and 330 East Fourth Street Housing Development Fund Corporation ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $26k (10.0% of expenses). At year end it held assets of $299k against liabilities of $224k, net assets of $76k. It reported 1 employees.