Tobosa Development and Training Center Inc

Analysis

Tobosa Development and Training Center Inc is a registered charity in United States, based in Roswell, NM. It received its IRS tax-exemption ruling in September 1981, 45 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Tobosa Development and Training Center Inc reported income of $12.8m and spending of $10.2m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $12.8m (+47%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tobosa Development and Training Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NM. Charities of a similar size with the same main cause include Valley Vision Inc ($12.8m), West Alabama Regional Commission ($12.9m) and Loomis Senior Living Inc ($12.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $7.6m. At year end it held assets of $5.2m against liabilities of $614k, net assets of $4.6m. It reported 251 employees.