Tax and Legal Service Inc

Analysis

Tax and Legal Service Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Tax and Legal Service Inc reported income of $100k and spending of $58k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $100k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tax and Legal Service Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within MD. Charities of a similar size with the same main cause include Appalachian Center for Hope Inc ($100k), Fulton County Council on Aging Inc ($100k) and National Opportunity Project Inc ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (89% of expenses). At year end it held assets of $34k against liabilities of $0, net assets of $34k. It reported 1 employees.