1220 TMV Condominium Association

Analysis

1220 TMV Condominium Association is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, 1220 TMV Condominium Association reported income of $188k and spending of $258k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $177k to $188k (+6.2%), an average of +6.2% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1220 TMV Condominium Association sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Andover Community Trust Inc ($188k), Warren County Development Corporation ($188k) and Westover Cove Inc ($188k).

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 $56k against liabilities of $0, net assets of $56k.