Tri-Counties Association for the Developmentally Disabled Inc

Analysis

Tri-Counties Association for the Developmentally Disabled Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in November 1970, 56 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 June 2023, Tri-Counties Association for the Developmentally Disabled Inc reported income of $452.7m and spending of $452.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $321.9m to $452.7m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tri-Counties Association for the Developmentally Disabled Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Summit Foundation ($447.1m), Jewish Agency for Israel ($455.3m) and Easter Seals Southern California Inc ($445.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $623k (0.1% of expenses). Other salaries and wages came to $28.0m. At year end it held assets of $79.8m against liabilities of $98.7m, net assets of -$18.9m. It reported 452 employees.