Friends of TBC

Analysis

Friends of TBC is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 January 2024, Friends of TBC reported income of $167k and spending of $111k, leaving 34% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income grew from $112k to $167k (+50%), an average of +11% a year. The sharpest change came in the year to January 2023, when income rose by 132%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of TBC sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Sequachee Valley Electric Cares Inc ($167k), Sheriffs Charities Inc ($167k) and Rassawek Ventures Inc ($167k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.