Tri-County Development Corp

Analysis

Tri-County Development Corp is a registered charity in United States, based in Savannah, TN. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tri-County Development Corp reported income of $98k and spending of $494k, spending 506% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $422k to $98k (-77%), an average of -39% a year. The sharpest change came in the year to December 2021, when income dropped by 81%. Over the whole period it spent 201% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tri-County Development Corp sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within TN. Charities of a similar size with the same main cause include Eaa Foundation ($98k), Avon-By-The-Sea First Aid and Safety Squad ($98k) and Northside Foundation Inc ($97k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $6.4m against liabilities of $7.1m, net assets of -$704k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.