Tapology Inc

Analysis

Tapology Inc is a registered charity in United States, based in Mount Morris, MI. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Tapology Inc reported income of $400k and spending of $388k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $358k to $400k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tapology Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Big Sky Film Institute ($400k), European American Musical Alliance Inc ($400k) and Rattapallax Incorporated ($400k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $31k (8.0% of expenses). At year end it held assets of $41k against liabilities of $131k, net assets of -$90k.