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Tibetan Charities Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Public Foundations (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$441k (2022)

Expenses
$296k (2022)

Total Assets
$878k (2022)

Total Liabilities
$666k (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$441,321
Expenses
$296,255
Net Income
$145,066
Net Assets
$212,677
Notable Sources of Revenue Percent of Total Revenue
Contributions $71,479
16.2%
Program Services $0
Investment Income $34
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $24,337
5.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $261,471
59.2%
Other Revenue $84,000
19.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $79,270
26.8%
Professional Fundraising Fees $0
Other Salaries and Wages $80,078
27.0%
Assets/Debt
Total Assets $878,494
Total Liabilities $665,817
Net Assets $212,677
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Stephen Drago (President) $79,270 $0 $0
Michael Silver (Vp/Treasurer) $0 $0 $0
Suzanne Dickerson (Director) $0 $0 $0
Madeline Breckenridge (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$111,792
Expenses
$266,740
Net Income
-$154,948
Net Assets
$67,611
Notable Sources of Revenue Percent of Total Revenue
Contributions $26,907
24.1%
Program Services $0
Investment Income $39
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$19,037
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $103,883
92.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $38,468
14.4%
Assets/Debt
Total Assets $839,305
Total Liabilities $771,694
Net Assets $67,611
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Stephen Drago (President) $0 $0 $0
Michael Silver (Vp/Treasurer) $0 $0 $0
Suzanne Dickerson (Director) $0 $0 $0
Madeline Breckenridge (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$66,336
Expenses
$137,978
Net Income
-$71,642
Net Assets
$222,559
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,998
19.6%
Program Services $0
Investment Income $56
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $13,685
20.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $39,597
59.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $40,865
29.6%
Assets/Debt
Total Assets $1,002,389
Total Liabilities $779,830
Net Assets $222,559
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Stephen Drago (President) $0 $0 $0
Michael Silver (Vp/Treasurer) $0 $0 $0
Suzanne Dickerson (Director) $0 $0 $0
Madeline Breckenridge (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$316,579
Expenses
$180,658
Net Income
$135,921
Net Assets
$294,201
Notable Sources of Revenue Percent of Total Revenue
Contributions $18,385
5.8%
Program Services $345
0.1%
Investment Income $18
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $98,902
31.2%
Net Inventory Sales $198,929
62.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $59,101
32.7%
Assets/Debt
Total Assets $514,196
Total Liabilities $219,995
Net Assets $294,201
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Stephen Drago (President) $0 $0 $0
Michael Silver (Vp/Treasurer) $0 $0 $0
Suzanne Dickerson (Director) $0 $0 $0
Madeline Breckenridge (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$234,849
Expenses
$202,360
Net Income
$32,489
Net Assets
$158,280
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,759
5.0%
Program Services $4,393
1.9%
Investment Income $124
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $218,230
92.9%
Other Revenue $343
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $89,704
44.3%
Assets/Debt
Total Assets $435,216
Total Liabilities $276,936
Net Assets $158,280
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Stephen Drago (President) $0 $0 $0
Michael Silver (Vp/Treasurer) $0 $0 $0
Suzanne Dickerson (Director) $0 $0 $0
Madeline Breckenridge (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$324,646
Expenses
$301,177
Net Income
$23,469
Net Assets
$125,791
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,720
6.1%
Program Services $10,428
3.2%
Investment Income $62
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $273,802
84.3%
Other Revenue $20,634
6.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $107,966
35.8%
Assets/Debt
Total Assets $419,219
Total Liabilities $293,428
Net Assets $125,791
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Stephen Drago (President) $0 $0 $0
Michael Silver (Vp/Treasurer) $0 $0 $0
Donna Waltz (Director) $0 $0 $0
Madeline Breckenridge (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$305,444
Expenses
$277,724
Net Income
$27,720
Net Assets
$102,322
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,423
9.0%
Program Services $16,574
5.4%
Investment Income $88
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $256,169
83.9%
Other Revenue $5,190
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $86,285
31.1%
Assets/Debt
Total Assets $425,264
Total Liabilities $322,942
Net Assets $102,322
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Stephen Drago (President) $0 $0 $0
Michael Silver (Vice Preside) $0 $0 $0
Donna Waltz (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$419,964
Expenses
$396,166
Net Income
$23,798
Net Assets
$417,920
Notable Sources of Revenue Percent of Total Revenue
Contributions $215,570
51.3%
Program Services $154,337
36.8%
Investment Income $35
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $50,022
11.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $69,018
17.4%
Assets/Debt
Total Assets $763,617
Total Liabilities $345,697
Net Assets $417,920
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Stephen Drago (President) $0 $0 $0
Michael Silver (Vice President) $0 $0 $0
Donna Waltz (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$401,467
Expenses
$429,004
Net Income
-$27,537
Net Assets
$394,122
Notable Sources of Revenue Percent of Total Revenue
Contributions $233,751
58.2%
Program Services $152,117
37.9%
Investment Income $25
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,847
Net Inventory Sales $17,421
4.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $58,465
13.6%
Assets/Debt
Total Assets $733,620
Total Liabilities $339,498
Net Assets $394,122
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Stephen Drago (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$308,894
Expenses
$278,899
Net Income
$29,995
Net Assets
$421,659
Notable Sources of Revenue Percent of Total Revenue
Contributions $133,125
43.1%
Program Services $108,892
35.3%
Investment Income $15
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $66,862
21.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $44,136
15.8%
Assets/Debt
Total Assets $751,736
Total Liabilities $330,077
Net Assets $421,659
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Stephen Drago (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$637,444
Expenses
$266,578
Net Income
$370,866
Net Assets
$391,664
Notable Sources of Revenue Percent of Total Revenue
Contributions $498,879
78.3%
Program Services $107,379
16.8%
Investment Income $17
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $31,169
4.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $28,175
10.6%
Assets/Debt
Total Assets $723,504
Total Liabilities $331,840
Net Assets $391,664

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$116,595
Expenses
$95,809
Net Income
$20,786
Net Assets
$20,798
Notable Sources of Revenue Percent of Total Revenue
Contributions $41,292
35.4%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $32,940
28.3%
Other Revenue $42,363
36.3%
Assets/Debt
Total Assets $372,292
Total Liabilities $351,494
Net Assets $20,798

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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