Towing for Toys Inc

Analysis

Towing for Toys Inc is a registered charity in United States, based in Murray, KY. It received its IRS tax-exemption ruling in July 2017, 9 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 (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, Towing for Toys Inc reported income of $86k and spending of $78k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $86k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Towing for Toys Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within KY. Charities of a similar size with the same main cause include National Charity League Inc Space City Chapter ($86k), The Martha Torok Charitable Trust ($86k) and Old Mission Rotary Club Foundation ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.