TNTP Inc

Analysis

TNTP Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, TNTP Inc reported income of $138.8m and spending of $132.0m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $56.3m to $138.8m (+147%), an average of +25% a year. The sharpest change came in the year to September 2022, when income rose by 71%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, TNTP Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Saint Anselm College ($138.7m), North Central College ($140.1m) and Nazareth University ($138.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $2.3m (1.7% of expenses). Other salaries and wages came to $74.1m. At year end it held assets of $74.1m against liabilities of $11.3m, net assets of $62.9m. It reported 1,271 employees.