TSF Properties

Analysis

TSF Properties is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, TSF Properties reported income of $9.0m and spending of $9.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $685k to $9.0m (+1213%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 1840476%. Over the whole period it spent 118% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, TSF Properties sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Southeast Land Trust of New Hampshire ($9.0m), Consortium of Florida Education Foundations Inc ($9.1m) and The Community Foundation for the Greater Capital Region Inc ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $348 against liabilities of $20k, net assets of -$20k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.