Tax Credit Benevolent Association

Analysis

Tax Credit Benevolent Association is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tax Credit Benevolent Association reported income of $1.3m and spending of $5,911, leaving 100% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $550k to $1.3m (+133%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 0.5% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tax Credit Benevolent Association sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within MO. Charities of a similar size with the same main cause include Union County Community Foundation ($1.3m), The Stateline Community Foundation Inc ($1.3m) and Barrow Community Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.