Tmc3 Development Corporation

Analysis

Tmc3 Development Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tmc3 Development Corporation reported income of $2.6m and spending of $4.5m, spending 169% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $22.6m to $2.6m (-88%), an average of -51% a year. The sharpest change came in the year to December 2023, when income rose by 325%. Over the whole period it spent 18% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tmc3 Development Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Noras Gift Foundation Inc ($2.6m), Gaia Home ($2.6m) and Northwest Mothers Milk Bank ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 39% of the total. At year end it held assets of $208.4m against liabilities of $187.1m, net assets of $21.3m.