Tileworks of Bucks County

Analysis

Tileworks of Bucks County is a registered charity in United States, based in Doylestown, PA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. 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 March 2023, Tileworks of Bucks County reported income of $615k and spending of $682k, spending 111% of what it took in. Across the 2 years on record, from March 2022 to March 2023, income fell from $958k to $615k (-36%), an average of -36% a year. The sharpest change came in the year to March 2023, when income dropped by 36%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tileworks of Bucks County sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($615k), Haitian American Friendship Foundation Incorporated ($615k) and St Vincent de Paul Society of Saints Mary Fredericksburg TX Inc ($615k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 16% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $128k (19% of expenses). Other salaries and wages came to $242k. At year end it held assets of $961k against liabilities of $499k, net assets of $462k. It reported 20 employees.