Tallgrass Creek Inc

Analysis

Tallgrass Creek Inc is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in July 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tallgrass Creek Inc reported income of $48.2m and spending of $49.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $38.0m to $48.2m (+27%), an average of +6.1% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tallgrass Creek Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Lantern Hill Inc ($47.6m), Skill Creations Inc ($48.5m) and Emerald Development and Economic ($47.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $418k (0.8% of expenses). Other salaries and wages came to $17.2m. At year end it held assets of $209.3m against liabilities of $230.5m, net assets of -$21.2m. It reported 933 employees.