Townies Inc

Analysis

Townies Inc is a registered charity in United States, based in Ojai, CA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Townies Inc reported income of $51k and spending of $80k, spending 158% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $51k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Townies Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within CA. Charities of a similar size with the same main cause include First Mayors House of Salinas City ($51k), North American Victorian Studies Association ($51k) and Timeless Melodies Foundation for Education Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 58% of the total. At year end it held assets of $1,107 against liabilities of $619, net assets of $488.