Tha Development Association

Analysis

Tha Development Association is a registered charity in United States, based in Lakewood, WA. It received its IRS tax-exemption ruling in October 1991, 35 years ago. 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, Tha Development Association reported income of $268k and spending of $229k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $268k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tha Development Association sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Louisiana Black History Hall of Fame ($268k), Saluting Community Heroes ($268k) and Axys ($268k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.8m against liabilities of $12k, net assets of $1.7m.