Tenfold

Analysis

Tenfold is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in July 1972, 54 years ago. 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, Tenfold reported income of $7.0m and spending of $6.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $7.0m (+62%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tenfold sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Disciplemakers Inc ($7.0m), Hillcrest Home Inc ($7.0m) and Hollywood Food Coalition ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $133k (2.1% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $11.2m against liabilities of $1.2m, net assets of $10.0m. It reported 106 employees.