Tharros Place Inc

Analysis

Tharros Place Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Tharros Place Inc reported income of $884k and spending of $473k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $199k to $884k (+345%), an average of +345% a year. The sharpest change came in the year to December 2023, when income rose by 345%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tharros Place Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include Project Iowa ($884k), Whole Me Inc ($884k) and Fifth Circuit Public Guardian Corporation ($884k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $158k. At year end it held assets of $3.0m against liabilities of $972k, net assets of $2.0m. It reported 13 employees.