T a S K

Analysis

T a S K is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, T a S K reported income of $7.3m and spending of $6.4m, spending 88% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $4.8m to $7.3m (+53%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, T a S K sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Armed Services YMCA of the USA ($7.3m), Nottingham Residential Health Care Facility ($7.3m) and Covenant House Florida Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $292k (4.5% of expenses). Other salaries and wages came to $2.0m. It paid $10k in professional fundraising fees. At year end it held assets of $16.0m against liabilities of $156k, net assets of $15.8m. It reported 55 employees.