TLC Room and Board Inc

Analysis

TLC Room and Board Inc is a registered charity in United States, based in Inglewood, CA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 April 2024, TLC Room and Board Inc reported income of $154k and spending of $163k, spending 106% of what it took in. Across the 3 years on record, from April 2022 to April 2024, income fell from $214k to $154k (-28%), an average of -15% a year. The sharpest change came in the year to April 2024, when income dropped by 26%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, TLC Room and Board Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Davidson County Mental Health and Veterans Court Assistance ($154k), Norma J Ross Memorial Foundation ($154k) and Jpatible Inc ($154k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $11k against liabilities of $62k, net assets of -$51k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.