Tearfund USA Inc

Analysis

Tearfund USA Inc is a registered charity in United States, based in Clarksburg, MD. It received its IRS tax-exemption ruling in December 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 March 2023, Tearfund USA Inc reported income of $3.9m and spending of $2.7m, leaving 30% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.2m to $3.9m (+235%), an average of +50% a year. The sharpest change came in the year to March 2021, when income rose by 72%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tearfund USA Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Winslow Gardens ($3.9m), Peppers Ranch Inc ($3.9m) and Oasis Center of the Rogue Valley ($3.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $398k (15% of expenses). Other salaries and wages came to $734k. At year end it held assets of $1.7m against liabilities of $256k, net assets of $1.5m. It reported 14 employees.