Tomorrow Clubs International Inc

Analysis

Tomorrow Clubs International Inc is a registered charity in United States, based in Eagan, MN. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Tomorrow Clubs International Inc reported income of $3.4m and spending of $2.2m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $675k to $3.4m (+396%), an average of +49% a year. The sharpest change came in the year to December 2022, when income rose by 185%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tomorrow Clubs International Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Gospel Partners Media Inc ($3.3m), Vapor Sports Ministries ($3.4m) and Scarritt-Bennett Center ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $96k (4.4% of expenses). Other salaries and wages came to $85k. At year end it held assets of $2.3m against liabilities of $17k, net assets of $2.3m. It reported 5 employees.