Tahoma Associates

Analysis

Tahoma Associates is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in May 1975, 51 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, Tahoma Associates reported income of $3.6m and spending of $3.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.6m (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tahoma Associates sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Mandys Special Farm ($3.6m), Robbins Childrens Programs Inc ($3.6m) and Alpha Management Community Services Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $172k (5.3% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $4.3m against liabilities of $208k, net assets of $4.1m. It reported 66 employees.