Tyr Development Co

Analysis

Tyr Development Co is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in May 2019, 7 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 (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, Tyr Development Co reported income of $307k and spending of $43k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $572k to $307k (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 6.6% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tyr Development Co sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within NV. Charities of a similar size with the same main cause include Walker Meadow Retirement Community Inc ($306k), Neighborhood Housing Services of Jamaica Inc ($307k) and Carolina Christian Village Homes Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 16% of the total. At year end it held assets of $2.6m against liabilities of $4,050, net assets of $2.6m.