Tooley Community Development Group

Analysis

Tooley Community Development Group is a registered charity in United States, based in Titusville, FL. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tooley Community Development Group reported income of $296k and spending of $280k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $296k (+297%), an average of +297% a year. The sharpest change came in the year to December 2023, when income rose by 297%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tooley Community Development Group sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($296k), Chris White Community Development Corporation ($296k) and Main Street Joplin ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (25% of expenses). Other salaries and wages came to $114k. At year end it held assets of $105k against liabilities of $33k, net assets of $73k. It reported 1 employees.