Tools & Tiaras Inc

Analysis

Tools & Tiaras Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Tools & Tiaras Inc reported income of $267k and spending of $252k, spending 94% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $209k to $267k (+27%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tools & Tiaras Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Inter City Services Inc ($267k), Backpack Buddies of Greater Bluffto N & Hardeeville ($267k) and Cheshire Community Action Team Inc ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Other salaries and wages came to $155k. At year end it held assets of $655k against liabilities of $70k, net assets of $585k.