Tommys Place Foundation Inc

Analysis

Tommys Place Foundation Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Tommys Place Foundation Inc reported income of $2.0m and spending of $378k, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $2.0m (+723%), an average of +69% a year. The sharpest change came in the year to December 2021, when income rose by 224%. Over the whole period it spent 17% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tommys Place Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Lutheran Service Society of Western Pennsylvania ($2.0m), Child Care Center of the Common Ground Foundation ($2.0m) and Mobility Training and Independent Living Program Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $66k (17% of expenses). At year end it held assets of $6.0m against liabilities of $327k, net assets of $5.7m. It reported 1 employees.