TMS West

Analysis

TMS West is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, TMS West reported income of $81k and spending of $201k, spending 249% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $26k to $81k (+207%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 104%. Over the whole period it spent 348% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, TMS West sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within OH. Charities of a similar size with the same main cause include Three Arts Club of Lakewood Ohio ($81k), Friends of the Norfolk Public Library ($81k) and Kfad Inc ($81k).

At year end it held assets of $4.4m against liabilities of $5.3m, net assets of -$845k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.