Tolson Center Inc

Analysis

Tolson Center Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in October 2021, 5 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, Tolson Center Inc reported income of $7.6m and spending of $380k, leaving 95% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.7m to $7.6m (+352%), an average of +113% a year. The sharpest change came in the year to December 2023, when income rose by 125%. Over the whole period it spent 6.3% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tolson Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Morningstar Children and Family Services Inc ($7.6m), Friends for Life Corporation ($7.6m) and Chadtough Defeat Dipg Foundation ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $82k (22% of expenses). Other salaries and wages came to $69k. At year end it held assets of $15.8m against liabilities of $3.6m, net assets of $12.2m. It reported 6 employees.