Time Out Inc

Analysis

Time Out Inc is a registered charity in United States, based in Payson, AZ. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Time Out Inc reported income of $1.9m and spending of $2.0m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.9m (+73%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Time Out Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within AZ. Charities of a similar size with the same main cause include Northfield Community LDC of Staten Island Inc ($1.9m), FHM Associates Inc ($1.9m) and Spearville Senior Living Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $101k (5.1% of expenses). Other salaries and wages came to $492k. At year end it held assets of $1.5m against liabilities of $81k, net assets of $1.4m. It reported 45 employees.