Tomorrownow Org Inc

Analysis

Tomorrownow Org Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2020, 6 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, Tomorrownow Org Inc reported income of $3.6m and spending of $2.0m, leaving 45% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.4m to $3.6m (+50%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 558%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tomorrownow Org Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Brigid Collins House ($3.6m), Ideal Senior Living Center Housing Corporation ($3.6m) and Columbia-Montour Aging Office Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $337k (17% of expenses). At year end it held assets of $3.5m against liabilities of $565k, net assets of $2.9m.