Termite TV Collective Inc

Analysis

Termite TV Collective Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2005, 21 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 December 2023, Termite TV Collective Inc reported income of $175k and spending of $73k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $175k (+83%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Termite TV Collective Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Nashville Freedom School Partnership ($175k), Global Child ($175k) and Essex Community Outreach Corp ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $11k (15% of expenses). At year end it held assets of $249k against liabilities of $18k, net assets of $231k.