Tbey Arts Center Inc

Analysis

Tbey Arts Center Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Tbey Arts Center Inc reported income of $349k and spending of $279k, leaving 20% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $238k to $349k (+47%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 60% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Tbey Arts Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include Bethpage Discovery Program Inc ($349k), Boys and Girls Clubs of Southeast Missouri Inc ($349k) and Bridge Dallas Lacrosse Inc ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $48k (17% of expenses). Other salaries and wages came to $85k. At year end it held assets of $573k against liabilities of $7,715, net assets of $565k. It reported 19 employees.