TMC Community Capital

Analysis

TMC Community Capital is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, 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 September 2023, TMC Community Capital reported income of $2.4m and spending of $1.9m, spending 82% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $1.1m to $2.4m (+122%), an average of +30% a year. The sharpest change came in the year to September 2023, when income rose by 95%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, TMC Community Capital sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Milpitas Charity Bingo Inc ($2.4m), East Central Indiana Regional Partnership Inc ($2.4m) and CFS Real Property Inc ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $200k (10% of expenses). Other salaries and wages came to $636k. At year end it held assets of $5.3m against liabilities of $4.4m, net assets of $932k. It reported 7 employees.